WallStreetBets DApp vs MemeCore

MemeCore (M) is 10493.5× the size of WallStreetBets DApp (WSB) by market capitalisation. Over the past 30 days, WSB is ahead by 18.8 percentage points (WSB -8.4% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.12 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against WSB's 30%.

Correlation: -0.12
Size ratio: 1 : 10493.5
Ahead over 30 days: WSB

WallStreetBets DAppWSB

$0.000176

24h: +2.33%
Market cap: $176,471
Volume 24h: $467
Volatility (ann.): 30%

MemeCoreM

$0.807102

24h: -4.78%
Market cap: $1.85B
Volume 24h: $1.48M
Volatility (ann.): 108%

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

Performance

WSBM

7 days-4.21%-19.79%WSB
30 days-8.42%-27.25%WSB

Correlation

-0.12over 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	WSB	M
Max drawdown (400d)	-11.3%	-41.1%
Risk-adjusted return (90d)	-0.20	-0.25

Relative strength over 90 days: WSB outperformed M by 4.3% — measured on the WSB/M ratio, so it holds regardless of market direction.

WallStreetBets DApp →MemeCore →