AINFT (NFT) is 16.9× the size of Doodles (DOOD) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 44 shared trading days). DOOD has been the more volatile of the two, at 126% annualised against NFT's 36%.
DOODNFT
-0.11over 44 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 | DOOD | NFT |
|---|---|---|
| Max drawdown (400d) | -90.6% | -17.9% |
| Risk-adjusted return (90d) | 0.14 | -0.45 |
| Best 30 days (past year) | +63.4% | — |
| Worst 30 days (past year) | -58.7% | — |
Relative strength over 90 days: DOOD outperformed NFT by 74.6% — measured on the DOOD/NFT ratio, so it holds regardless of market direction.