Griffain New Hedge Fund vs MemeCore

MemeCore (M) is 51368.2× the size of Griffain New Hedge Fund (CITADAIL) by market capitalisation. Over the past 30 days, M is ahead by 0.8 percentage points (CITADAIL -26.1% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.17 across 25 shared trading days). M has been the more volatile of the two, at 107% annualised against CITADAIL's 46%.

Correlation: -0.17
Size ratio: 1 : 51368.2
Ahead over 30 days: M

Griffain New Hedge FundCITADAIL

$3.677e-5

24h: -5.92%
Market cap: $36,773
Volume 24h: $1
Volatility (ann.): 46%

MemeCoreM

$0.823089

24h: -0.53%
Market cap: $1.89B
Volume 24h: $1.63M
Volatility (ann.): 107%

CITADAIL 0.0%Share of the two combined market caps100.0% M

Performance

CITADAILM

7 days-5.45%-20.13%CITADAIL
30 days-26.15%-25.32%M

Correlation

-0.17over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	CITADAIL	M
Max drawdown (400d)	-30.6%	-41.1%
Risk-adjusted return (90d)	-0.53	-0.27

Relative strength over 90 days: M outperformed CITADAIL by 10.1% — measured on the CITADAIL/M ratio, so it holds regardless of market direction.

Griffain New Hedge Fund →MemeCore →