MemeCore (M) is 131456.5× the size of SAC DADDY (DADDY) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 25 shared trading days). DADDY has been the more volatile of the two, at 195% annualised against M's 107%.
DADDYM
0.46over 25 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 | DADDY | M |
|---|---|---|
| Max drawdown (400d) | -71.5% | -41.1% |
| Risk-adjusted return (90d) | -0.18 | -0.27 |
Relative strength over 90 days: M outperformed DADDY by 46.3% — measured on the DADDY/M ratio, so it holds regardless of market direction.