Shiba Inu (SHIB) is 21571.2× the size of Chad Coin (CHAD) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 159 shared trading days). CHAD has been the more volatile of the two, at 220% annualised against SHIB's 69%.
CHADSHIB
0.21over 159 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 | CHAD | SHIB |
|---|---|---|
| Max drawdown (400d) | -69.6% | -68.0% |
| Risk-adjusted return (90d) | 0.07 | 0.01 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: CHAD outperformed SHIB by 57.8% — measured on the CHAD/SHIB ratio, so it holds regardless of market direction.