Melania Meme (MELANIA) is 2935.5× the size of MAGA Pepe (MAPE) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 23 shared trading days). MAPE has been the more volatile of the two, at 147% annualised against MELANIA's 113%.
MAPEMELANIA
0.72over 23 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 | MAPE | MELANIA |
|---|---|---|
| Max drawdown (400d) | -72.0% | -47.4% |
| Risk-adjusted return (90d) | -0.07 | -0.12 |
Relative strength over 90 days: MAPE outperformed MELANIA by 39.2% — measured on the MAPE/MELANIA ratio, so it holds regardless of market direction.