Slerf vs MemeCore

MemeCore (M) is 1048.8× the size of Slerf (SLERF) by market capitalisation. Over the past 30 days, SLERF is ahead by 14.0 percentage points (SLERF -13.1% against M -27.1%). Their daily returns move loosely together (correlation 0.46 across 30 shared trading days). M has been the more volatile of the two, at 108% annualised against SLERF's 42%.

Correlation: 0.46
Size ratio: 1 : 1048.8
Ahead over 30 days: SLERF

SlerfSLERF

$0.001863

24h: -2.31%
Market cap: $1.86M
Volume 24h: $2,584
Volatility (ann.): 42%

MemeCoreM

$0.851799

24h: +2.28%
Market cap: $1.95B
Volume 24h: $610,524
Volatility (ann.): 108%

SLERF 0.1%Share of the two combined market caps99.9% M

Performance

SLERFM

7 days-6.93%-19.48%SLERF
30 days-13.10%-27.12%SLERF

Correlation

0.46over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	SLERF	M
Max drawdown (400d)	-17.7%	-41.1%
Risk-adjusted return (90d)	-0.42	-0.23

Relative strength over 90 days: SLERF outperformed M by 4.1% — measured on the SLERF/M ratio, so it holds regardless of market direction.

Slerf →MemeCore →