Dogecoin (DOGE) is 950099.8× the size of 分红狗头 (Dividend Dog Head) (分红狗头) by market capitalisation. Their daily returns move barely together (correlation 0.28 across 30 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against 分红狗头's 49%.
分红狗头DOGE
0.28over 30 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 | 分红狗头 | DOGE |
|---|---|---|
| Max drawdown (400d) | -22.4% | -74.0% |
| Risk-adjusted return (90d) | -0.41 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 分红狗头 by 2.5% — measured on the 分红狗头/DOGE ratio, so it holds regardless of market direction.