MemeCore (M) is 26052.2× the size of RZTO (RZTO) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 38 shared trading days). RZTO has been the more volatile of the two, at 439% annualised against M's 108%.
RZTOM
0.31over 38 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 | RZTO | M |
|---|---|---|
| Max drawdown (400d) | -99.9% | -41.1% |
| Risk-adjusted return (90d) | -0.29 | -0.25 |
Relative strength over 90 days: M outperformed RZTO by 50.8% — measured on the RZTO/M ratio, so it holds regardless of market direction.