Mog Coin (MOG) is 2.3× the size of Gigachad (GIGA) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 39 shared trading days). GIGA has been the more volatile of the two, at 210% annualised against MOG's 106%.
GIGAMOG
0.62over 39 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 | GIGA | MOG |
|---|---|---|
| Max drawdown (400d) | -99.9% | -28.9% |
| Risk-adjusted return (90d) | -0.45 | -0.19 |
Relative strength over 90 days: MOG outperformed GIGA by 99.9% — measured on the GIGA/MOG ratio, so it holds regardless of market direction.