MemeCore (M) is 45004.6× the size of World Series of Degens (WSOD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.18 across 29 shared trading days). WSOD has been the more volatile of the two, at 238% annualised against M's 108%.
WSODM
-0.18over 29 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 | WSOD | M |
|---|---|---|
| Max drawdown (400d) | -87.3% | -41.1% |
| Risk-adjusted return (90d) | -0.13 | -0.25 |
Relative strength over 90 days: WSOD outperformed M by 45.7% — measured on the WSOD/M ratio, so it holds regardless of market direction.