Dogecoin (DOGE) is 310413.0× the size of CHOW CHOW (CHOW) by market capitalisation. Their daily returns move loosely together (correlation 0.48 across 146 shared trading days). CHOW has been the more volatile of the two, at 158% annualised against DOGE's 70%.
CHOWDOGE
0.48over 146 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 | CHOW | DOGE |
|---|---|---|
| Max drawdown (400d) | -65.3% | -74.0% |
| Risk-adjusted return (90d) | -0.16 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: CHOW outperformed DOGE by 41.0% — measured on the CHOW/DOGE ratio, so it holds regardless of market direction.