MemeCore (M) is 47.7× the size of Nexus (NEX) by market capitalisation. Over the past 30 days, M is ahead by 5.6 percentage points (NEX -32.7% against M -27.1%). Their daily returns move barely together (correlation 0.04 across 52 shared trading days). Both have run at a similar volatility, around 114% annualised.
NEXM
0.04over 52 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 | NEX | M |
|---|---|---|
| Max drawdown (400d) | -60.3% | -41.1% |
| Risk-adjusted return (90d) | -0.45 | -0.23 |
Relative strength over 90 days: M outperformed NEX by 34.8% — measured on the NEX/M ratio, so it holds regardless of market direction.