Dogecoin (DOGE) is 486856.0× the size of DANK DOGE (DANKDOGE) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 36 shared trading days). Both have run at a similar volatility, around 71% annualised.
DANKDOGEDOGE
0.42over 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 | DANKDOGE | DOGE |
|---|---|---|
| Max drawdown (400d) | -38.4% | -74.0% |
| Risk-adjusted return (90d) | -0.52 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed DANKDOGE by 16.8% — measured on the DANKDOGE/DOGE ratio, so it holds regardless of market direction.