Dogecoin (DOGE) is 397.2× the size of Giggle Fund (GIGGLE) by market capitalisation. Over the past 1 year, GIGGLE is ahead by 4.7 percentage points (GIGGLE -50.3% against DOGE -55.1%). Their daily returns move barely together (correlation 0.29 across 375 shared trading days). GIGGLE has been the more volatile of the two, at 221% annualised against DOGE's 70%.
GIGGLEDOGE
0.29over 375 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 | GIGGLE | DOGE |
|---|---|---|
| Max drawdown (400d) | -91.8% | -74.0% |
| Risk-adjusted return (90d) | -0.15 | 0.11 |
| Best 30 days (past year) | +95.0% | +34.3% |
| Worst 30 days (past year) | -66.1% | -41.2% |
Relative strength over 90 days: DOGE outperformed GIGGLE by 18.2% — measured on the GIGGLE/DOGE ratio, so it holds regardless of market direction.