Sweep Token vs MemeCore

MemeCore (M) is 4880.9× the size of Sweep Token (SWEEP) by market capitalisation. Over the past 30 days, SWEEP is ahead by 19.2 percentage points (SWEEP -8.1% against M -27.3%). Their daily returns move closely together (correlation 0.63 across 21 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: 0.63
Size ratio: 1 : 4880.9
Ahead over 30 days: SWEEP

Sweep TokenSWEEP

$3.904e-12

24h: —
Market cap: $390,447
Volume 24h: $2
Volatility (ann.): 102%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

SWEEPM

7 days-4.06%-19.79%SWEEP
30 days-8.08%-27.25%SWEEP

Correlation

0.63over 21 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	SWEEP	M
Max drawdown (400d)	-14.1%	-41.1%
Risk-adjusted return (90d)	-0.08	-0.25

Relative strength over 90 days: SWEEP outperformed M by 4.5% — measured on the SWEEP/M ratio, so it holds regardless of market direction.

Sweep Token →MemeCore →