上证综合指数6900 vs MEME HORSE

MEME HORSE (MHORSE) is 1093.2× the size of 上证综合指数6900 (SCI6900) by market capitalisation. Over the past 30 days, SCI6900 is ahead by 14.0 percentage points (SCI6900 -18.8% against MHORSE -32.8%). Their daily returns move barely together (correlation 0.04 across 20 shared trading days). MHORSE has been the more volatile of the two, at 109% annualised against SCI6900's 43%.

Correlation: 0.04
Size ratio: 1 : 1093.2
Ahead over 30 days: SCI6900

上证综合指数6900SCI6900

$3.810e-5

24h: -2.97%
Market cap: $37,239
Volume 24h: $5
Volatility (ann.): 43%

MEME HORSEMHORSE

$0.040709

24h: -0.04%
Market cap: $40.71M
Volume 24h: $621,950
Volatility (ann.): 109%

SCI6900 0.1%Share of the two combined market caps99.9% MHORSE

Performance

SCI6900MHORSE

7 days-7.97%+20.86%MHORSE
30 days-18.80%-32.78%SCI6900

Correlation

0.04over 20 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	SCI6900	MHORSE
Max drawdown (400d)	-18.8%	-44.4%
Risk-adjusted return (90d)	-0.34	-0.30

Relative strength over 90 days: SCI6900 outperformed MHORSE by 13.1% — measured on the SCI6900/MHORSE ratio, so it holds regardless of market direction.

上证综合指数6900 →MEME HORSE →