MUSHROOM vs Degen

Degen (DEGEN) is 13.7× the size of MUSHROOM (SHROOM) by market capitalisation. Over the past 30 days, DEGEN is ahead by 38.9 percentage points (SHROOM -56.7% against DEGEN -17.8%). Their daily returns move barely together (correlation 0.12 across 21 shared trading days). SHROOM has been the more volatile of the two, at 488% annualised against DEGEN's 78%.

Correlation: 0.12
Size ratio: 1 : 13.7
Ahead over 30 days: DEGEN

MUSHROOMSHROOM

$0.002288

24h: -10.16%
Market cap: $2.25M
Volume 24h: $61,179
Volatility (ann.): 488%

DegenDEGEN

$0.000861

24h: -0.57%
Market cap: $30.94M
Volume 24h: $2.93M
Volatility (ann.): 78%

SHROOM 6.8%Share of the two combined market caps93.2% DEGEN

Performance

SHROOMDEGEN

7 days+20.03%-7.09%SHROOM
30 days-56.67%-17.76%DEGEN

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	SHROOM	DEGEN
Max drawdown (400d)	-84.7%	-26.2%
Risk-adjusted return (90d)	-0.12	-0.22

Relative strength over 90 days: DEGEN outperformed SHROOM by 62.3% — measured on the SHROOM/DEGEN ratio, so it holds regardless of market direction.

MUSHROOM →Degen →