MemeCore (M) is 350.4× the size of CREPE (CREPE) by market capitalisation. Over the past 30 days, M is ahead by 14.4 percentage points (CREPE -41.5% against M -27.1%). Their daily returns move barely together (correlation 0.14 across 26 shared trading days). Both have run at a similar volatility, around 114% annualised.
CREPEM
0.14over 26 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | CREPE | M |
|---|---|---|
| Max drawdown (400d) | -47.9% | -41.1% |
| Risk-adjusted return (90d) | -0.33 | -0.23 |
Relative strength over 90 days: M outperformed CREPE by 25.2% — measured on the CREPE/M ratio, so it holds regardless of market direction.