Dogecoin (DOGE) is 210459.2× the size of Baby Shark (SHARK) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 26 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against SHARK's 40%.
SHARKDOGE
0.56over 26 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 | SHARK | DOGE |
|---|---|---|
| Max drawdown (400d) | -11.7% | -74.0% |
| Risk-adjusted return (90d) | -0.23 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: SHARK outperformed DOGE by 13.0% — measured on the SHARK/DOGE ratio, so it holds regardless of market direction.