Degen (DEGEN) is 31.6× the size of Dimes (DIME) by market capitalisation. Over the past 30 days, DIME is ahead by 11.2 percentage points (DIME -6.6% against DEGEN -17.8%). Their daily returns move closely together (correlation 0.74 across 33 shared trading days). Both have run at a similar volatility, around 80% annualised.
DIMEDEGEN
0.74over 33 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 | DIME | DEGEN |
|---|---|---|
| Max drawdown (400d) | -25.8% | -26.2% |
| Risk-adjusted return (90d) | -0.10 | -0.22 |
Relative strength over 90 days: DIME outperformed DEGEN by 8.1% — measured on the DIME/DEGEN ratio, so it holds regardless of market direction.