FLOKI (FLOKI) is 3846.8× the size of Dogelana (DGLN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 35 shared trading days). FLOKI has been the more volatile of the two, at 89% annualised against DGLN's 26%.
DGLNFLOKI
-0.07over 35 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 | DGLN | FLOKI |
|---|---|---|
| Max drawdown (400d) | -12.1% | -80.7% |
| Risk-adjusted return (90d) | -0.29 | 0.09 |
| Best 30 days (past year) | — | +35.0% |
| Worst 30 days (past year) | — | -50.0% |
Relative strength over 90 days: DGLN outperformed FLOKI by 12.3% — measured on the DGLN/FLOKI ratio, so it holds regardless of market direction.