Dogecoin (DOGE) is 16389.8× the size of AGENDA 47 (A47) by market capitalisation. Over the past 1 year, DOGE is ahead by 41.9 percentage points (A47 -97.0% against DOGE -55.1%). Their daily returns move barely together (correlation 0.25 across 373 shared trading days). A47 has been the more volatile of the two, at 155% annualised against DOGE's 70%.
A47DOGE
0.25over 373 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 | A47 | DOGE |
|---|---|---|
| Max drawdown (400d) | -97.3% | -74.0% |
| Risk-adjusted return (90d) | -0.31 | 0.11 |
| Best 30 days (past year) | +44.8% | +34.3% |
| Worst 30 days (past year) | -68.7% | -41.2% |
Relative strength over 90 days: DOGE outperformed A47 by 60.4% — measured on the A47/DOGE ratio, so it holds regardless of market direction.