Dogecoin (DOGE) is 980465.4× the size of FlapVault (蝴蝶金库) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 24 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against 蝴蝶金库's 37%.
蝴蝶金库DOGE
0.24over 24 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 | 蝴蝶金库 | DOGE |
|---|---|---|
| Max drawdown (400d) | -19.4% | -74.0% |
| Risk-adjusted return (90d) | -0.52 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: 蝴蝶金库 outperformed DOGE by 0.1% — measured on the 蝴蝶金库/DOGE ratio, so it holds regardless of market direction.