Bonk (BONK) is 17315.5× the size of gooch coin (GOOCH COIN) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 32 shared trading days). BONK has been the more volatile of the two, at 100% annualised against GOOCH COIN's 59%.
GOOCH COINBONK
0.52over 32 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 | GOOCH COIN | BONK |
|---|---|---|
| Max drawdown (400d) | -28.4% | -89.7% |
| Risk-adjusted return (90d) | -0.45 | 0.14 |
| Best 30 days (past year) | — | +37.0% |
| Worst 30 days (past year) | — | -51.0% |
Relative strength over 90 days: BONK outperformed GOOCH COIN by 2.0% — measured on the GOOCH COIN/BONK ratio, so it holds regardless of market direction.