Dogecoin (DOGE) is 2.7× the size of Litecoin (LTC) by market capitalisation. Over the past 1 year, LTC is ahead by 17.2 percentage points (DOGE -55.1% against LTC -37.9%). Their daily returns move closely together (correlation 0.79 across 399 shared trading days). Both have run at a similar volatility, around 66% annualised.
DOGELTC
0.79over 399 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 | DOGE | LTC |
|---|---|---|
| Max drawdown (400d) | -74.0% | -67.5% |
| Risk-adjusted return (90d) | 0.11 | 0.32 |
| Best 30 days (past year) | +34.3% | +45.4% |
| Worst 30 days (past year) | -41.2% | -39.5% |
Relative strength over 90 days: LTC outperformed DOGE by 10.4% — measured on the DOGE/LTC ratio, so it holds regardless of market direction.