Dogecoin (DOGE) is 460136.4× the size of EYE Am Watching You (EYE) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 29 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against EYE's 47%.
EYEDOGE
0.27over 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 | EYE | DOGE |
|---|---|---|
| Max drawdown (400d) | -23.5% | -74.0% |
| Risk-adjusted return (90d) | -0.44 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed EYE by 0.5% — measured on the EYE/DOGE ratio, so it holds regardless of market direction.