BOOK OF MEME (BOME) is 1514.0× the size of Papichulo (CHULO) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 140 shared trading days). Both have run at a similar volatility, around 119% annualised.
CHULOBOME
0.56over 140 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 | CHULO | BOME |
|---|---|---|
| Max drawdown (400d) | -87.1% | -79.5% |
| Risk-adjusted return (90d) | -0.46 | 0.02 |
| Best 30 days (past year) | — | +186.8% |
| Worst 30 days (past year) | — | -52.9% |
Relative strength over 90 days: BOME outperformed CHULO by 74.9% — measured on the CHULO/BOME ratio, so it holds regardless of market direction.