Velvet Unicorn by Virtuals vs MemeCore

MemeCore (M) is 13115.0× the size of Velvet Unicorn by Virtuals (VU) by market capitalisation. Over the past 30 days, M is ahead by 9.8 percentage points (VU -37.1% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.07 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against VU's 94%.

Correlation: -0.07
Size ratio: 1 : 13115.0
Ahead over 30 days: M

Velvet Unicorn by VirtualsVU

$0.000146

24h: +3.13%
Market cap: $145,128
Volume 24h: $53
Volatility (ann.): 94%

MemeCoreM

$0.829625

24h: -1.84%
Market cap: $1.90B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

VUM

7 days-5.91%-19.79%VU
30 days-37.10%-27.25%M

Correlation

-0.07over 24 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	VU	M
Max drawdown (400d)	-38.7%	-41.1%
Risk-adjusted return (90d)	-0.36	-0.25

Relative strength over 90 days: M outperformed VU by 16.8% — measured on the VU/M ratio, so it holds regardless of market direction.

Velvet Unicorn by Virtuals →MemeCore →