FAFO vs Melania Meme

Melania Meme (MELANIA) is 306.8× the size of FAFO (FAFO) by market capitalisation. Over the past 30 days, FAFO is ahead by 27.3 percentage points (FAFO -6.5% against MELANIA -33.8%). Their daily returns move barely together (correlation 0.26 across 22 shared trading days). MELANIA has been the more volatile of the two, at 111% annualised against FAFO's 84%.

Correlation: 0.26
Size ratio: 1 : 306.8
Ahead over 30 days: FAFO

FAFOFAFO

$0.000200

24h: +4.59%
Market cap: $200,089
Volume 24h: $718
Volatility (ann.): 84%

Melania MemeMELANIA

$0.061425

24h: -5.96%
Market cap: $61.39M
Volume 24h: $7.20M
Volatility (ann.): 111%

FAFO 0.3%Share of the two combined market caps99.7% MELANIA

Performance

FAFOMELANIA

7 days-6.58%-22.90%FAFO
30 days-6.49%-33.84%FAFO

Correlation

0.26over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	FAFO	MELANIA
Max drawdown (400d)	-15.7%	-41.2%
Risk-adjusted return (90d)	0.00	-0.03

Relative strength over 90 days: FAFO outperformed MELANIA by 32.8% — measured on the FAFO/MELANIA ratio, so it holds regardless of market direction.

FAFO →Melania Meme →