MEME HORSE (MHORSE) is 2440.3× the size of Shamatte (杀马特) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 31 shared trading days). 杀马特 has been the more volatile of the two, at 179% annualised against MHORSE's 109%.
杀马特MHORSE
0.29over 31 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 | 杀马特 | MHORSE |
|---|---|---|
| Max drawdown (400d) | -69.3% | -44.4% |
| Risk-adjusted return (90d) | -0.18 | -0.30 |
Relative strength over 90 days: 杀马特 outperformed MHORSE by 54.8% — measured on the 杀马特/MHORSE ratio, so it holds regardless of market direction.