MemeCore (M) is 30139.5× the size of Uni (UNI) by market capitalisation. Over the past 30 days, M is ahead by 15.0 percentage points (UNI -40.3% against M -25.3%). Their daily returns move loosely together (correlation 0.39 across 20 shared trading days). Both have run at a similar volatility, around 108% annualised.
UNIM
0.39over 20 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 | UNI | M |
|---|---|---|
| Max drawdown (400d) | -43.6% | -41.1% |
| Risk-adjusted return (90d) | -0.37 | -0.27 |
Relative strength over 90 days: M outperformed UNI by 17.1% — measured on the UNI/M ratio, so it holds regardless of market direction.