MemeCore (M) is 66295.1× the size of Department Of Propaganda Everywhere (DOPE) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 37 shared trading days). DOPE has been the more volatile of the two, at 140% annualised against M's 107%.
$7.008e-8
DOPEM
0.33over 37 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 | DOPE | M |
|---|---|---|
| Max drawdown (400d) | -68.9% | -41.1% |
| Risk-adjusted return (90d) | 0.05 | -0.27 |
Relative strength over 90 days: DOPE outperformed M by 74.8% — measured on the DOPE/M ratio, so it holds regardless of market direction.