dogwifhat (WIF) is 10978.3× the size of Chinu (CHINU) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 29 shared trading days). CHINU has been the more volatile of the two, at 152% annualised against WIF's 105%.
CHINUWIF
0.05over 29 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 | CHINU | WIF |
|---|---|---|
| Max drawdown (400d) | -53.6% | -83.1% |
| Risk-adjusted return (90d) | -0.34 | 0.17 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: WIF outperformed CHINU by 28.2% — measured on the CHINU/WIF ratio, so it holds regardless of market direction.