Dogecoin (DOGE) is 2169.1× the size of DOWGE (DJI6930) by market capitalisation. Over the past 1 year, DOGE is ahead by 20.1 percentage points (DJI6930 -75.2% against DOGE -55.1%). Their daily returns move loosely together (correlation 0.45 across 373 shared trading days). DJI6930 has been the more volatile of the two, at 166% annualised against DOGE's 70%.
DJI6930DOGE
0.45over 373 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 | DJI6930 | DOGE |
|---|---|---|
| Max drawdown (400d) | -92.9% | -74.0% |
| Risk-adjusted return (90d) | 0.85 | 0.11 |
| Best 30 days (past year) | +159.9% | +34.3% |
| Worst 30 days (past year) | -61.9% | -41.2% |
Relative strength over 90 days: DJI6930 outperformed DOGE by 133.4% — measured on the DJI6930/DOGE ratio, so it holds regardless of market direction.