Dogecoin (DOGE) is 361845.3× the size of Gatsby Inu (GATSBY) by market capitalisation. Their daily returns move loosely together (correlation 0.53 across 90 shared trading days). GATSBY has been the more volatile of the two, at 200% annualised against DOGE's 70%.
GATSBYDOGE
0.53over 90 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 | GATSBY | DOGE |
|---|---|---|
| Max drawdown (400d) | -66.4% | -74.0% |
| Risk-adjusted return (90d) | -0.26 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: GATSBY outperformed DOGE by 58.1% — measured on the GATSBY/DOGE ratio, so it holds regardless of market direction.