MemeCore (M) is 40659.1× the size of Mops (MOPS) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 25 shared trading days). M has been the more volatile of the two, at 108% annualised against MOPS's 85%.
MOPSM
0.42over 25 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 | MOPS | M |
|---|---|---|
| Max drawdown (400d) | -60.3% | -41.1% |
| Risk-adjusted return (90d) | 0.01 | -0.25 |
Relative strength over 90 days: MOPS outperformed M by 52.3% — measured on the MOPS/M ratio, so it holds regardless of market direction.