Fake World Assets vs Own The Doge

Own The Doge (DOG) is 1.3× the size of Fake World Assets (FWA) by market capitalisation. Over the past 30 days, DOG is ahead by 68.7 percentage points (FWA -63.3% against DOG +5.3%). Their daily returns move loosely together (correlation 0.47 across 42 shared trading days). FWA has been the more volatile of the two, at 359% annualised against DOG's 52%.

Correlation: 0.47
Size ratio: 1 : 1.3
Ahead over 30 days: DOG

Fake World AssetsFWA

$0.004599

24h: -0.32%
Market cap: $4.55M
Volume 24h: $46,189
Volatility (ann.): 359%

Own The DogeDOG

$0.000420

24h: +0.18%
Market cap: $5.78M
Volume 24h: $2,961
Volatility (ann.): 52%

FWA 44.0%Share of the two combined market caps56.0% DOG

Performance

FWADOG

7 days-28.32%+2.34%DOG
30 days-63.30%+5.35%DOG

Correlation

0.47over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	FWA	DOG
Max drawdown (400d)	-80.2%	-13.2%
Risk-adjusted return (90d)	-0.20	-0.06

Relative strength over 90 days: DOG outperformed FWA by 69.3% — measured on the FWA/DOG ratio, so it holds regardless of market direction.

Fake World Assets →Own The Doge →