dogwifhat (WIF) is 11328.8× the size of gooch coin (GOOCH COIN) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 32 shared trading days). WIF has been the more volatile of the two, at 105% annualised against GOOCH COIN's 59%.
GOOCH COINWIF
0.63over 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 | WIF |
|---|---|---|
| Max drawdown (400d) | -28.4% | -83.1% |
| Risk-adjusted return (90d) | -0.45 | 0.17 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: GOOCH COIN outperformed WIF by 13.3% — measured on the GOOCH COIN/WIF ratio, so it holds regardless of market direction.