Physical Gold vs MemeCore

MemeCore (M) is 83504.8× the size of Physical Gold (GOLD) by market capitalisation. Over the past 30 days, GOLD is ahead by 3.4 percentage points (GOLD -21.9% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.11 across 24 shared trading days). M has been the more volatile of the two, at 107% annualised against GOLD's 44%.

Correlation: -0.11
Size ratio: 1 : 83504.8
Ahead over 30 days: GOLD

Physical GoldGOLD

$2.294e-5

24h: -5.99%
Market cap: $22,909
Volume 24h: $893
Volatility (ann.): 44%

MemeCoreM

$0.833658

24h: +0.68%
Market cap: $1.91B
Volume 24h: $2.09M
Volatility (ann.): 107%

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

Performance

GOLDM

7 days-8.65%-20.13%GOLD
30 days-21.92%-25.32%GOLD

Correlation

-0.11over 24 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	GOLD	M
Max drawdown (400d)	-27.4%	-41.1%
Risk-adjusted return (90d)	-0.60	-0.27

Relative strength over 90 days: M outperformed GOLD by 7.8% — measured on the GOLD/M ratio, so it holds regardless of market direction.

Physical Gold →MemeCore →