Dogecoin (DOGE) is 2497.6× the size of ALD (ALD) by market capitalisation. Their daily returns move loosely together (correlation 0.60 across 50 shared trading days). ALD has been the more volatile of the two, at 93% annualised against DOGE's 70%.
ALDDOGE
0.60over 50 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 | ALD | DOGE |
|---|---|---|
| Max drawdown (400d) | -62.6% | -74.0% |
| Risk-adjusted return (90d) | -0.63 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed ALD by 51.5% — measured on the ALD/DOGE ratio, so it holds regardless of market direction.