Fartcoin (FARTCOIN) is 169.6× the size of MEMDEX100 (MEMDEX) by market capitalisation. Over the past 30 days, MEMDEX is ahead by 9.6 percentage points (MEMDEX -7.2% against FARTCOIN -16.8%). Their daily returns move barely together (correlation 0.30 across 29 shared trading days). Both have run at a similar volatility, around 153% annualised.
MEMDEXFARTCOIN
0.30over 29 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 | MEMDEX | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -58.3% | -46.0% |
| Risk-adjusted return (90d) | -0.37 | -0.11 |
Relative strength over 90 days: FARTCOIN outperformed MEMDEX by 34.3% — measured on the MEMDEX/FARTCOIN ratio, so it holds regardless of market direction.