Dogecoin (DOGE) is 375445.5× the size of 币安汽车 (Bianqiche) (币安汽车) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 35 shared trading days). Both have run at a similar volatility, around 66% annualised.
币安汽车DOGE
0.27over 35 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 | 币安汽车 | DOGE |
|---|---|---|
| Max drawdown (400d) | -16.4% | -74.0% |
| Risk-adjusted return (90d) | -0.19 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: 币安汽车 outperformed DOGE by 7.9% — measured on the 币安汽车/DOGE ratio, so it holds regardless of market direction.