New Vision Fund vs MemeCore

MemeCore (M) is 49241.6× the size of New Vision Fund (NVF) by market capitalisation. Over the past 30 days, M is ahead by 40.0 percentage points (NVF -67.3% against M -27.3%). Their daily returns move barely together (correlation 0.34 across 21 shared trading days). Both have run at a similar volatility, around 109% annualised.

Correlation: 0.34
Size ratio: 1 : 49241.6
Ahead over 30 days: M

New Vision FundNVF

$3.780e-6

24h: +7.53%
Market cap: $37,830
Volume 24h: $8
Volatility (ann.): 109%

MemeCoreM

$0.811942

24h: -3.98%
Market cap: $1.86B
Volume 24h: $675,352
Volatility (ann.): 108%

NVF 0.0%Share of the two combined market caps100.0% M

Performance

NVFM

7 days-38.79%-19.79%M
30 days-67.27%-27.25%M

Correlation

0.34over 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	NVF	M
Max drawdown (400d)	-67.3%	-41.1%
Risk-adjusted return (90d)	-0.61	-0.25

Relative strength over 90 days: M outperformed NVF by 57.1% — measured on the NVF/M ratio, so it holds regardless of market direction.

New Vision Fund →MemeCore →