Melania Meme (MELANIA) is 2688.9× the size of Noooomeme (NOOOO) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 21 shared trading days). NOOOO has been the more volatile of the two, at 148% annualised against MELANIA's 113%.
NOOOOMELANIA
0.49over 21 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 | NOOOO | MELANIA |
|---|---|---|
| Max drawdown (400d) | -96.1% | -47.4% |
| Risk-adjusted return (90d) | -0.58 | -0.12 |
Relative strength over 90 days: NOOOO outperformed MELANIA by 25.4% — measured on the NOOOO/MELANIA ratio, so it holds regardless of market direction.