Dogecoin (DOGE) is 159968.9× the size of Aliens (A51) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 36 shared trading days). A51 has been the more volatile of the two, at 147% annualised against DOGE's 70%.
A51DOGE
0.44over 36 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 | A51 | DOGE |
|---|---|---|
| Max drawdown (400d) | -23.2% | -74.0% |
| Risk-adjusted return (90d) | 0.25 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: A51 outperformed DOGE by 82.0% — measured on the A51/DOGE ratio, so it holds regardless of market direction.