Dogecoin (DOGE) is 305966.9× the size of Based SPX6900 (SPX6900) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 182 shared trading days). SPX6900 has been the more volatile of the two, at 106% annualised against DOGE's 70%.
SPX6900DOGE
0.41over 182 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 | SPX6900 | DOGE |
|---|---|---|
| Max drawdown (400d) | -72.7% | -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: DOGE outperformed SPX6900 by 32.0% — measured on the SPX6900/DOGE ratio, so it holds regardless of market direction.