MemeCore (M) is 1896.4× the size of Solnic (SOLNIC) by market capitalisation. Over the past 30 days, M is ahead by 2.4 percentage points (SOLNIC -29.5% against M -27.1%). Their daily returns move loosely together (correlation 0.43 across 28 shared trading days). Both have run at a similar volatility, around 111% annualised.
SOLNICM
0.43over 28 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 | SOLNIC | M |
|---|---|---|
| Max drawdown (400d) | -34.3% | -41.1% |
| Risk-adjusted return (90d) | -0.26 | -0.23 |
Relative strength over 90 days: M outperformed SOLNIC by 10.4% — measured on the SOLNIC/M ratio, so it holds regardless of market direction.