Notcoin (NOT) is 1735.0× the size of meh on TON (MEH) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 103 shared trading days). MEH has been the more volatile of the two, at 145% annualised against NOT's 104%.
MEHNOT
0.65over 103 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 | MEH | NOT |
|---|---|---|
| Max drawdown (400d) | -67.0% | -80.5% |
| Risk-adjusted return (90d) | -0.37 | -0.10 |
| Best 30 days (past year) | — | +93.4% |
| Worst 30 days (past year) | — | -46.3% |
Relative strength over 90 days: MEH outperformed NOT by 6.4% — measured on the MEH/NOT ratio, so it holds regardless of market direction.