MemeFi vs Ethereum
Ethereum (ETH) is 971471.3× the size of MemeFi (MEMEFI) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 182 shared trading days). MEMEFI has been the more volatile of the two, at 317% annualised against ETH's 62%.
Performance
| Period | MEMEFI | ETH | Ahead |
|---|---|---|---|
| 7 days | +26.80% | +0.68% | MEMEFI |
| 30 days | -55.69% | +11.90% | ETH |
| 90 days | -92.68% | +53.93% | ETH |
| 1 year | — | -37.76% | — |
Risk & extremes
| Metric | MEMEFI | ETH |
|---|---|---|
| Max drawdown (400d) | -98.2% | -66.7% |
| Risk-adjusted return (90d) | -0.23 | 1.00 |
| Best 30 days (past year) | — | +34.1% |
| Worst 30 days (past year) | — | -44.6% |
Relative strength over 90 days: ETH outperformed MEMEFI by 94.3% — measured on the MEMEFI/ETH ratio, so it holds regardless of market direction.
Correlation
0.17over 182 shared trading days
7d: insufficient data30d: 0.2590d: 0.211y: insufficient data
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.