MemeCore (M) is 686.3× the size of GameCow (GCOW) by market capitalisation. Over the past 30 days, M is ahead by 13.1 percentage points (GCOW -40.2% against M -27.1%). Their daily returns move loosely together (correlation 0.42 across 32 shared trading days). Both have run at a similar volatility, around 102% annualised.
GCOWM
0.42over 32 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 | GCOW | M |
|---|---|---|
| Max drawdown (400d) | -45.8% | -41.1% |
| Risk-adjusted return (90d) | -0.41 | -0.23 |
Relative strength over 90 days: M outperformed GCOW by 23.1% — measured on the GCOW/M ratio, so it holds regardless of market direction.