dogwifhat (WIF) is 7458.7× the size of Dawg Coin (DAWG) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 132 shared trading days). DAWG has been the more volatile of the two, at 139% annualised against WIF's 105%.
DAWGWIF
0.44over 132 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 | DAWG | WIF |
|---|---|---|
| Max drawdown (400d) | -82.8% | -83.1% |
| Risk-adjusted return (90d) | -0.44 | 0.17 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: WIF outperformed DAWG by 43.5% — measured on the DAWG/WIF ratio, so it holds regardless of market direction.