I love puppies vs Dogelon Mars

Dogelon Mars (ELON) is 4.1× the size of I love puppies (PUPPIES) by market capitalisation. Over the past 30 days, PUPPIES is ahead by 0.6 percentage points (PUPPIES -13.5% against ELON -14.1%). Their daily returns move loosely together (correlation 0.44 across 39 shared trading days). Both have run at a similar volatility, around 117% annualised.

Correlation: 0.44
Size ratio: 1 : 4.1
Ahead over 30 days: PUPPIES

I love puppiesPUPPIES

$1.533e-7

24h: +0.96%
Market cap: $6.45M
Volume 24h: $464,241
Volatility (ann.): 118%

Dogelon MarsELON

$2.613e-8

24h: +2.15%
Market cap: $26.13M
Volume 24h: $1.29M
Volatility (ann.): 116%

PUPPIES 19.8%Share of the two combined market caps80.2% ELON

Performance

PUPPIESELON

7 days-2.08%-3.93%PUPPIES
30 days-13.50%-14.09%PUPPIES

Correlation

0.44over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	PUPPIES	ELON
Max drawdown (400d)	-33.6%	-36.8%
Risk-adjusted return (90d)	-0.25	-0.12

Relative strength over 90 days: ELON outperformed PUPPIES by 17.6% — measured on the PUPPIES/ELON ratio, so it holds regardless of market direction.

I love puppies →Dogelon Mars →