Bonk (BONK) is 1.5× the size of dogwifhat (WIF) by market capitalisation. Over the past 1 year, WIF is ahead by 15.9 percentage points (WIF -57.6% against BONK -73.5%). Their daily returns move very closely together (correlation 0.85 across 399 shared trading days). Both have run at a similar volatility, around 102% annualised.
WIFBONK
0.85over 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 | WIF | BONK |
|---|---|---|
| Max drawdown (400d) | -83.1% | -89.7% |
| Risk-adjusted return (90d) | 0.21 | 0.09 |
| Best 30 days (past year) | +57.5% | +37.0% |
| Worst 30 days (past year) | -50.5% | -51.0% |
Relative strength over 90 days: WIF outperformed BONK by 11.7% — measured on the WIF/BONK ratio, so it holds regardless of market direction.