Melania Meme (MELANIA) is 689.3× the size of USAcoin (USACOIN) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 30 shared trading days). Both have run at a similar volatility, around 109% annualised.
USACOINMELANIA
0.19over 30 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 | USACOIN | MELANIA |
|---|---|---|
| Max drawdown (400d) | -53.7% | -41.2% |
| Risk-adjusted return (90d) | 0.03 | -0.03 |
Relative strength over 90 days: USACOIN outperformed MELANIA by 27.3% — measured on the USACOIN/MELANIA ratio, so it holds regardless of market direction.