MEME HORSE (MHORSE) is 4.9× the size of 我踏马来了 (我踏马来了) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 44 shared trading days). 我踏马来了 has been the more volatile of the two, at 305% annualised against MHORSE's 111%.
我踏马来了MHORSE
0.45over 44 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 | 我踏马来了 | MHORSE |
|---|---|---|
| Max drawdown (400d) | -88.7% | -44.4% |
| Risk-adjusted return (90d) | 0.04 | -0.29 |
Relative strength over 90 days: 我踏马来了 outperformed MHORSE by 39.0% — measured on the 我踏马来了/MHORSE ratio, so it holds regardless of market direction.