Baby Doge Coin (BABYDOGE) is 1221.3× the size of Elote (LOLO) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 21 shared trading days). LOLO has been the more volatile of the two, at 126% annualised against BABYDOGE's 48%.
LOLOBABYDOGE
0.22over 21 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 | LOLO | BABYDOGE |
|---|---|---|
| Max drawdown (400d) | -51.8% | -15.5% |
| Risk-adjusted return (90d) | -0.37 | -0.27 |
Relative strength over 90 days: BABYDOGE outperformed LOLO by 29.9% — measured on the LOLO/BABYDOGE ratio, so it holds regardless of market direction.