Dogecoin (DOGE) is 6638.0× the size of Freedom of Money (FREEDOM OF MONEY) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 40 shared trading days). FREEDOM OF MONEY has been the more volatile of the two, at 226% annualised against DOGE's 70%.
$0.001801
FREEDOM OF MONEYDOGE
0.31over 40 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 | FREEDOM OF MONEY | DOGE |
|---|---|---|
| Max drawdown (400d) | -66.4% | -74.0% |
| Risk-adjusted return (90d) | -0.18 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed FREEDOM OF MONEY by 35.9% — measured on the FREEDOM OF MONEY/DOGE ratio, so it holds regardless of market direction.