MemeCore (M) is 66553.6× the size of Oggchain (OGG) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.34 across 30 shared trading days). OGG has been the more volatile of the two, at 216% annualised against M's 107%.
OGGM
-0.34over 30 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 | OGG | M |
|---|---|---|
| Max drawdown (400d) | -91.7% | -41.1% |
| Risk-adjusted return (90d) | -0.42 | -0.27 |
Relative strength over 90 days: M outperformed OGG by 76.2% — measured on the OGG/M ratio, so it holds regardless of market direction.