MESA vs TAGGER

TAGGER (TAG) is 1125.3× the size of MESA (MESA) by market capitalisation. Over the past 30 days, TAG is ahead by 46.3 percentage points (MESA -33.0% against TAG +13.3%). Their daily returns move barely in opposite directions (correlation -0.12 across 21 shared trading days). Both have run at a similar volatility, around 204% annualised.

Correlation: -0.12
Size ratio: 1 : 1125.3
Ahead over 30 days: TAG

MESAMESA

$7.377e-5

24h: +2.55%
Market cap: $73,668
Volume 24h: $167
Volatility (ann.): 203%

TAGGERTAG

$0.000761

24h: +6.05%
Market cap: $82.90M
Volume 24h: $2.06M
Volatility (ann.): 204%

MESA 0.1%Share of the two combined market caps99.9% TAG

Performance

MESATAG

7 days+2.22%-9.01%MESA
30 days-33.00%+13.32%TAG

Correlation

-0.12over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: 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.

Risk & extremes

Metric	MESA	TAG
Max drawdown (400d)	-41.3%	-52.8%
Risk-adjusted return (90d)	-0.06	-0.11

Relative strength over 90 days: TAG outperformed MESA by 37.8% — measured on the MESA/TAG ratio, so it holds regardless of market direction.

MESA →TAGGER →