usdc is cool (COOL) and MemeCore (M) compared side by side. Over the past 30 days, COOL is ahead by 36.4 percentage points (COOL +9.3% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.14 across 23 shared trading days). COOL has been the more volatile of the two, at 1239% annualised against M's 108%.
COOLM
-0.14over 23 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 | COOL | M |
|---|---|---|
| Max drawdown (400d) | -72.9% | -41.1% |
| Risk-adjusted return (90d) | -0.02 | -0.23 |
Relative strength over 90 days: M outperformed COOL by 51.1% — measured on the COOL/M ratio, so it holds regardless of market direction.