Dogecoin (DOGE) is 3319748.4× the size of BOOK OF RUGS (BOOK OF RUGS) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 151 shared trading days). BOOK OF RUGS has been the more volatile of the two, at 142% annualised against DOGE's 70%.
BOOK OF RUGSDOGE
0.36over 151 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 | BOOK OF RUGS | DOGE |
|---|---|---|
| Max drawdown (400d) | -97.2% | -74.0% |
| Risk-adjusted return (90d) | -0.60 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed BOOK OF RUGS by 83.7% — measured on the BOOK OF RUGS/DOGE ratio, so it holds regardless of market direction.