Snek vs MemeCore

MemeCore (M) is 49.2× the size of Snek (SNEK) by market capitalisation. Over the past 30 days, SNEK is ahead by 50.1 percentage points (SNEK +23.0% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.20 across 44 shared trading days). Both have run at a similar volatility, around 116% annualised.

Correlation: -0.20
Size ratio: 1 : 49.2
Ahead over 30 days: SNEK

SnekSNEK

$0.000532

24h: -0.70%
Market cap: $39.71M
Volume 24h: $795,096
Volatility (ann.): 123%

MemeCoreM

$0.851799

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

SNEK 2.0%Share of the two combined market caps98.0% M

Performance

SNEKM

7 days-11.56%-19.48%SNEK
30 days+23.00%-27.12%SNEK

Correlation

-0.20over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2190d: 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	SNEK	M
Max drawdown (400d)	-27.8%	-41.1%
Risk-adjusted return (90d)	0.25	-0.23

Relative strength over 90 days: SNEK outperformed M by 70.9% — measured on the SNEK/M ratio, so it holds regardless of market direction.

Snek →MemeCore →