MemeCore (M) is 17464.8× the size of GMFAM (GMFAM) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 33 shared trading days). M has been the more volatile of the two, at 108% annualised against GMFAM's 82%.
GMFAMM
0.06over 33 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 | GMFAM | M |
|---|---|---|
| Max drawdown (400d) | -51.4% | -41.1% |
| Risk-adjusted return (90d) | 0.14 | -0.25 |
Relative strength over 90 days: GMFAM outperformed M by 77.2% — measured on the GMFAM/M ratio, so it holds regardless of market direction.