MemeCore (M) is 47371.2× the size of Strategic Oil Supply (SOS) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 42 shared trading days). SOS has been the more volatile of the two, at 172% annualised against M's 108%.
SOSM
0.12over 42 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 | SOS | M |
|---|---|---|
| Max drawdown (400d) | -84.1% | -41.1% |
| Risk-adjusted return (90d) | -0.44 | -0.25 |
Relative strength over 90 days: M outperformed SOS by 16.9% — measured on the SOS/M ratio, so it holds regardless of market direction.