Dogecoin (DOGE) is 278326.6× the size of Crypto winter (CRYPTO WINTER) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 36 shared trading days). CRYPTO WINTER has been the more volatile of the two, at 107% annualised against DOGE's 70%.
CRYPTO WINTERDOGE
0.20over 36 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 | CRYPTO WINTER | DOGE |
|---|---|---|
| Max drawdown (400d) | -13.1% | -74.0% |
| Risk-adjusted return (90d) | 0.29 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: CRYPTO WINTER outperformed DOGE by 74.2% — measured on the CRYPTO WINTER/DOGE ratio, so it holds regardless of market direction.