MEME HORSE (MHORSE) is 2386.5× the size of 马到成功 (Success) (马到成功) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 40 shared trading days). MHORSE has been the more volatile of the two, at 109% annualised against 马到成功's 75%.
马到成功MHORSE
0.65over 40 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 | 马到成功 | MHORSE |
|---|---|---|
| Max drawdown (400d) | -50.2% | -44.4% |
| Risk-adjusted return (90d) | -0.35 | -0.30 |
Relative strength over 90 days: 马到成功 outperformed MHORSE by 12.3% — measured on the 马到成功/MHORSE ratio, so it holds regardless of market direction.