Dogecoin (DOGE) is 648270.6× the size of air coin (空气币 /) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 30 shared trading days). 空气币 / has been the more volatile of the two, at 81% annualised against DOGE's 70%.
空气币 /DOGE
-0.04over 30 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 | 空气币 / | DOGE |
|---|---|---|
| Max drawdown (400d) | -25.9% | -74.0% |
| Risk-adjusted return (90d) | -0.24 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 空气币 / by 1.1% — measured on the 空气币 //DOGE ratio, so it holds regardless of market direction.