hotdog vs Degen

Degen (DEGEN) is 325.4× the size of hotdog (HOTDOG) by market capitalisation. Over the past 30 days, DEGEN is ahead by 40.4 percentage points (HOTDOG -58.1% against DEGEN -17.8%). Their daily returns move barely in opposite directions (correlation -0.12 across 23 shared trading days). HOTDOG has been the more volatile of the two, at 1494% annualised against DEGEN's 78%.

Correlation: -0.12
Size ratio: 1 : 325.4
Ahead over 30 days: DEGEN

hotdogHOTDOG

$9.487e-5

24h: -9.83%
Market cap: $94,877
Volume 24h: $4,470
Volatility (ann.): 1494%

DegenDEGEN

$0.000860

24h: -0.21%
Market cap: $30.88M
Volume 24h: $2.89M
Volatility (ann.): 78%

HOTDOG 0.3%Share of the two combined market caps99.7% DEGEN

Performance

HOTDOGDEGEN

7 days-6.39%-7.09%HOTDOG
30 days-58.12%-17.76%DEGEN

Correlation

-0.12over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	HOTDOG	DEGEN
Max drawdown (400d)	-84.7%	-26.2%
Risk-adjusted return (90d)	-0.04	-0.22

Relative strength over 90 days: DEGEN outperformed HOTDOG by 64.0% — measured on the HOTDOG/DEGEN ratio, so it holds regardless of market direction.

hotdog →Degen →