BOOK OF MEME (BOME) is 80.3× the size of Skull of Pepe Token (SKOP) by market capitalisation. Over the past 1 year, BOME is ahead by 31.7 percentage points (SKOP -52.4% against BOME -20.7%). Their daily returns move barely together (correlation 0.01 across 373 shared trading days). SKOP has been the more volatile of the two, at 271% annualised against BOME's 121%.
SKOPBOME
0.01over 373 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 | SKOP | BOME |
|---|---|---|
| Max drawdown (400d) | -92.4% | -79.5% |
| Risk-adjusted return (90d) | 0.30 | 0.06 |
| Best 30 days (past year) | +634.9% | +186.8% |
| Worst 30 days (past year) | -78.2% | -52.9% |
Relative strength over 90 days: BOME outperformed SKOP by 18.1% — measured on the SKOP/BOME ratio, so it holds regardless of market direction.