Dogecoin (DOGE) is 155774.4× the size of FREN (FREN) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.63 across 29 shared trading days). FREN has been the more volatile of the two, at 12328% annualised against DOGE's 70%.
FRENDOGE
-0.63over 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 | FREN | DOGE |
|---|---|---|
| Max drawdown (400d) | -34.4% | -74.0% |
| Risk-adjusted return (90d) | 0.21 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: FREN outperformed DOGE by 3007.3% — measured on the FREN/DOGE ratio, so it holds regardless of market direction.