Baby Doge Coin (BABYDOGE) is 186.3× the size of Deputy Dawgs (DDAWGS) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 21 shared trading days). BABYDOGE has been the more volatile of the two, at 48% annualised against DDAWGS's 34%.
DDAWGSBABYDOGE
0.28over 21 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 | DDAWGS | BABYDOGE |
|---|---|---|
| Max drawdown (400d) | -25.4% | -15.5% |
| Risk-adjusted return (90d) | -0.68 | -0.27 |
Relative strength over 90 days: DDAWGS outperformed BABYDOGE by 1.4% — measured on the DDAWGS/BABYDOGE ratio, so it holds regardless of market direction.