Fartcoin (FARTCOIN) is 4112.0× the size of DOODiPALS (DOODI) by market capitalisation. Their daily returns move very closely together (correlation 0.87 across 29 shared trading days). Both have run at a similar volatility, around 155% annualised.
DOODIFARTCOIN
0.87over 29 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 | DOODI | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -66.6% | -47.4% |
| Risk-adjusted return (90d) | -0.13 | -0.13 |
Relative strength over 90 days: DOODI outperformed FARTCOIN by 16.7% — measured on the DOODI/FARTCOIN ratio, so it holds regardless of market direction.