cat in a dogs world vs Dog (Bitcoin)

Dog (Bitcoin) (DOG) is 2.5× the size of cat in a dogs world (MEW) by market capitalisation. Over the past 30 days, MEW is ahead by 15.4 percentage points (MEW -4.9% against DOG -20.4%). Their daily returns move barely together (correlation 0.23 across 48 shared trading days). DOG has been the more volatile of the two, at 148% annualised against MEW's 99%.

Correlation: 0.23
Size ratio: 1 : 2.5
Ahead over 30 days: MEW

cat in a dogs worldMEW

$0.000381

24h: -0.02%
Market cap: $33.85M
Volume 24h: $3.15M
Volatility (ann.): 99%

Dog (Bitcoin)DOG

$0.000852

24h: +11.03%
Market cap: $85.18M
Volume 24h: $447,342
Volatility (ann.): 148%

MEW 28.4%Share of the two combined market caps71.6% DOG

Performance

MEWDOG

7 days-11.24%-9.71%DOG
30 days-4.93%-20.37%MEW

Correlation

0.23over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	MEW	DOG
Max drawdown (400d)	-24.8%	-45.1%
Risk-adjusted return (90d)	-0.09	0.23

Relative strength over 90 days: DOG outperformed MEW by 14.6% — measured on the MEW/DOG ratio, so it holds regardless of market direction.

cat in a dogs world →Dog (Bitcoin) →