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Kamala Horris vs Melania Meme

Melania Meme (MELANIA) is 202.7× the size of Kamala Horris (KAMA) by market capitalisation. Over the past 30 days, KAMA is ahead by 36.2 percentage points (KAMA +2.3% against MELANIA -33.8%). Their daily returns move barely together (correlation 0.18 across 22 shared trading days). KAMA has been the more volatile of the two, at 142% annualised against MELANIA's 111%.

Correlation
0.18
Size ratio
1 : 202.7
Ahead over 30 days
KAMA
Kamala HorrisKAMA

$0.000314

24h
+9.63%
Market cap
$312,898
Volume 24h
$3,799
Volatility (ann.)
142%
Melania MemeMELANIA

$0.063437

24h
-12.99%
Market cap
$63.44M
Volume 24h
$6.99M
Volatility (ann.)
111%
KAMA 0.5%Share of the two combined market caps99.5% MELANIA

Performance

KAMAMELANIA

  1. 7 days-5.82%-22.90%KAMA
  2. 30 days+2.32%-33.84%KAMA

Correlation

0.18over 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

MetricKAMAMELANIA
Max drawdown (400d)-21.8%-41.2%
Risk-adjusted return (90d)0.12-0.03

Relative strength over 90 days: KAMA outperformed MELANIA by 35.6% — measured on the KAMA/MELANIA ratio, so it holds regardless of market direction.