Baby Doge Coin (BABYDOGE) is 1163.6× the size of Bork (BORK) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 20 shared trading days). BORK has been the more volatile of the two, at 71% annualised against BABYDOGE's 48%.
BORKBABYDOGE
-0.10over 20 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 | BORK | BABYDOGE |
|---|---|---|
| Max drawdown (400d) | -41.5% | -15.5% |
| Risk-adjusted return (90d) | -0.55 | -0.27 |
Relative strength over 90 days: BABYDOGE outperformed BORK by 14.9% — measured on the BORK/BABYDOGE ratio, so it holds regardless of market direction.