MemeCore (M) is 139158.7× the size of Erol Musk (EROL) by market capitalisation. Their daily returns move loosely together (correlation 0.54 across 34 shared trading days). EROL has been the more volatile of the two, at 144% annualised against M's 107%.
EROLM
0.54over 34 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 | EROL | M |
|---|---|---|
| Max drawdown (400d) | -69.7% | -41.1% |
| Risk-adjusted return (90d) | 0.09 | -0.27 |
Relative strength over 90 days: M outperformed EROL by 37.3% — measured on the EROL/M ratio, so it holds regardless of market direction.