Dogecoin (DOGE) is 1432.5× the size of EGL1 (EGL1) by market capitalisation. Over the past 1 year, DOGE is ahead by 28.9 percentage points (EGL1 -83.9% against DOGE -55.1%). Their daily returns move barely together (correlation 0.04 across 373 shared trading days). EGL1 has been the more volatile of the two, at 123% annualised against DOGE's 70%.
EGL1DOGE
0.04over 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 | EGL1 | DOGE |
|---|---|---|
| Max drawdown (400d) | -83.9% | -74.0% |
| Risk-adjusted return (90d) | -0.15 | 0.11 |
| Best 30 days (past year) | +175.1% | +34.3% |
| Worst 30 days (past year) | -53.4% | -41.2% |
Relative strength over 90 days: DOGE outperformed EGL1 by 24.3% — measured on the EGL1/DOGE ratio, so it holds regardless of market direction.