MemeCore (M) is 363464.1× the size of Zoomer (ZOOMER) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 20 shared trading days). ZOOMER has been the more volatile of the two, at 383% annualised against M's 107%.
ZOOMERM
0.11over 20 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 | ZOOMER | M |
|---|---|---|
| Max drawdown (400d) | -92.4% | -41.1% |
| Risk-adjusted return (90d) | -0.16 | -0.27 |
Relative strength over 90 days: M outperformed ZOOMER by 76.0% — measured on the ZOOMER/M ratio, so it holds regardless of market direction.