MemeCore (M) is 62436.0× the size of LEDOG (DOG) (DOG) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 32 shared trading days). Both have run at a similar volatility, around 114% annualised.
DOGM
0.50over 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 | DOG | M |
|---|---|---|
| Max drawdown (400d) | -72.5% | -41.1% |
| Risk-adjusted return (90d) | -0.47 | -0.25 |
Relative strength over 90 days: DOG outperformed M by 24.4% — measured on the DOG/M ratio, so it holds regardless of market direction.