Dogecoin (DOGE) is 2373844.8× the size of Frost (FROST) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 134 shared trading days). FROST has been the more volatile of the two, at 158% annualised against DOGE's 70%.
FROSTDOGE
0.38over 134 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 | FROST | DOGE |
|---|---|---|
| Max drawdown (400d) | -80.8% | -74.0% |
| Risk-adjusted return (90d) | -0.12 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: FROST outperformed DOGE by 42.4% — measured on the FROST/DOGE ratio, so it holds regardless of market direction.