XAU9999 vs MemeCore

MemeCore (M) is 178000.3× the size of XAU9999 (XAU) by market capitalisation. Over the past 30 days, XAU is ahead by 26.7 percentage points (XAU -0.5% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.27 across 22 shared trading days). XAU has been the more volatile of the two, at 503% annualised against M's 108%.

Correlation: -0.27
Size ratio: 1 : 178000.3
Ahead over 30 days: XAU

XAU9999XAU

$1.042e-11

24h: +7.51%
Market cap: $10,423
Volume 24h: $120
Volatility (ann.): 503%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

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

Performance

XAUM

7 days-5.92%-19.79%XAU
30 days-0.50%-27.25%XAU

Correlation

-0.27over 22 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	XAU	M
Max drawdown (400d)	-49.0%	-41.1%
Risk-adjusted return (90d)	0.00	-0.25

Relative strength over 90 days: XAU outperformed M by 21.3% — measured on the XAU/M ratio, so it holds regardless of market direction.

XAU9999 →MemeCore →