Utopia vs MemeCore

MemeCore (M) is 29781.6× the size of Utopia (UTOPIA) by market capitalisation. Over the past 30 days, M is ahead by 3.5 percentage points (UTOPIA -30.8% against M -27.3%). Their daily returns move loosely together (correlation 0.37 across 26 shared trading days). UTOPIA has been the more volatile of the two, at 138% annualised against M's 108%.

Correlation: 0.37
Size ratio: 1 : 29781.6
Ahead over 30 days: M

UtopiaUTOPIA

$6.350e-5

24h: +3.10%
Market cap: $62,064
Volume 24h: $49
Volatility (ann.): 138%

MemeCoreM

$0.805602

24h: -5.29%
Market cap: $1.85B
Volume 24h: $1.47M
Volatility (ann.): 108%

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

Performance

UTOPIAM

7 days-38.32%-19.79%M
30 days-30.76%-27.25%M

Correlation

0.37over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	UTOPIA	M
Max drawdown (400d)	-45.2%	-41.1%
Risk-adjusted return (90d)	-0.19	-0.25

Relative strength over 90 days: M outperformed UTOPIA by 5.8% — measured on the UTOPIA/M ratio, so it holds regardless of market direction.

Utopia →MemeCore →