Medieval Empires (MEE) and My Neighbor Alice (ALICE) compared side by side. Over the past 1 year, ALICE is ahead by 47.7 percentage points (MEE -95.2% against ALICE -47.5%). Their daily returns move barely together (correlation 0.04 across 373 shared trading days). Both have run at a similar volatility, around 147% annualised.
MEEALICE
0.04over 373 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 | MEE | ALICE |
|---|---|---|
| Max drawdown (400d) | -96.8% | -81.4% |
| Risk-adjusted return (90d) | 0.19 | 0.07 |
| Best 30 days (past year) | +143.5% | +55.9% |
| Worst 30 days (past year) | -73.2% | -41.4% |
Relative strength over 90 days: MEE outperformed ALICE by 33.1% — measured on the MEE/ALICE ratio, so it holds regardless of market direction.