Cookie DAO (COOKIE) is 55.4× the size of GAG Token (GAG) by market capitalisation. Over the past 1 year, GAG is ahead by 65.3 percentage points (GAG -21.7% against COOKIE -86.9%). Their daily returns move barely in opposite directions (correlation -0.01 across 362 shared trading days). COOKIE has been the more volatile of the two, at 117% annualised against GAG's 89%.
GAGCOOKIE
-0.01over 362 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 | GAG | COOKIE |
|---|---|---|
| Max drawdown (400d) | -56.9% | -94.4% |
| Risk-adjusted return (90d) | 0.64 | -0.12 |
| Best 30 days (past year) | — | +69.3% |
| Worst 30 days (past year) | — | -61.7% |
Relative strength over 90 days: COOKIE outperformed GAG by 0.1% — measured on the GAG/COOKIE ratio, so it holds regardless of market direction.