Dogelon Mars (ELON) is 313.5× the size of DogeFather (THE DOGEFATHER) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 41 shared trading days). THE DOGEFATHER has been the more volatile of the two, at 238% annualised against ELON's 116%.
THE DOGEFATHERELON
0.26over 41 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 | THE DOGEFATHER | ELON |
|---|---|---|
| Max drawdown (400d) | -74.0% | -36.8% |
| Risk-adjusted return (90d) | -0.22 | -0.09 |
Relative strength over 90 days: ELON outperformed THE DOGEFATHER by 34.5% — measured on the THE DOGEFATHER/ELON ratio, so it holds regardless of market direction.