Snapmuse.io (SMX) and MEET48 (IDOL) compared side by side. Over the past 1 year, IDOL is ahead by 7.0 percentage points (SMX -53.7% against IDOL -46.7%). Their daily returns move barely together (correlation 0.07 across 371 shared trading days). Both have run at a similar volatility, around 176% annualised.
SMXIDOL
0.07over 371 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 | SMX | IDOL |
|---|---|---|
| Max drawdown (400d) | -84.5% | -80.3% |
| Risk-adjusted return (90d) | -0.28 | 0.10 |
| Best 30 days (past year) | +201.2% | +92.5% |
| Worst 30 days (past year) | -73.4% | -55.6% |
Relative strength over 90 days: IDOL outperformed SMX by 80.5% — measured on the SMX/IDOL ratio, so it holds regardless of market direction.