International Klein Blue vs MemeCore

MemeCore (M) is 28698.6× the size of International Klein Blue (IKB) by market capitalisation. Over the past 30 days, IKB is ahead by 2.2 percentage points (IKB -25.1% against M -27.3%). Their daily returns move barely together (correlation 0.01 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against IKB's 41%.

Correlation: 0.01
Size ratio: 1 : 28698.6
Ahead over 30 days: IKB

International Klein BlueIKB

$7.909e-5

24h: +0.04%
Market cap: $65,222
Volume 24h: $4,846
Volatility (ann.): 41%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

IKBM

7 days-7.46%-19.79%IKB
30 days-25.05%-27.25%IKB

Correlation

0.01over 23 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	IKB	M
Max drawdown (400d)	-26.0%	-41.1%
Risk-adjusted return (90d)	-0.59	-0.25

Relative strength over 90 days: M outperformed IKB by 9.5% — measured on the IKB/M ratio, so it holds regardless of market direction.

International Klein Blue →MemeCore →