Solana Shib vs MemeCore

MemeCore (M) is 22322.3× the size of Solana Shib (SSHIB) by market capitalisation. Over the past 30 days, SSHIB is ahead by 4.3 percentage points (SSHIB -22.9% against M -27.3%). Their daily returns move barely together (correlation 0.01 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against SSHIB's 52%.

Correlation: 0.01
Size ratio: 1 : 22322.3
Ahead over 30 days: SSHIB

Solana Shib SSHIB

$8.943e-10

24h: +4.08%
Market cap: $83,774
Volume 24h: $12
Volatility (ann.): 52%

MemeCoreM

$0.814658

24h: -3.93%
Market cap: $1.87B
Volume 24h: $724,648
Volatility (ann.): 108%

SSHIB 0.0%Share of the two combined market caps100.0% M

Performance

SSHIBM

7 days-3.52%-19.79%SSHIB
30 days-22.91%-27.25%SSHIB

Correlation

0.01over 24 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	SSHIB	M
Max drawdown (400d)	-29.1%	-41.1%
Risk-adjusted return (90d)	-0.41	-0.25

Relative strength over 90 days: M outperformed SSHIB by 1.9% — measured on the SSHIB/M ratio, so it holds regardless of market direction.

Solana Shib →MemeCore →