Moo Deng (MOODENG) is 1404.7× the size of BOOJI (BOOJI) by market capitalisation. Their daily returns move closely together (correlation 0.81 across 30 shared trading days). BOOJI has been the more volatile of the two, at 155% annualised against MOODENG's 100%.
BOOJIMOODENG
0.81over 30 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 | BOOJI | MOODENG |
|---|---|---|
| Max drawdown (400d) | -61.3% | -35.4% |
| Risk-adjusted return (90d) | 0.02 | -0.31 |
Relative strength over 90 days: BOOJI outperformed MOODENG by 13.3% — measured on the BOOJI/MOODENG ratio, so it holds regardless of market direction.