Shiba Inu (SHIB) is 128728.6× the size of 永生果蝇 (Immortal Fruit Fly) (永生果蝇) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 35 shared trading days). 永生果蝇 has been the more volatile of the two, at 258% annualised against SHIB's 69%.
永生果蝇SHIB
0.02over 35 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 | 永生果蝇 | SHIB |
|---|---|---|
| Max drawdown (400d) | -75.3% | -68.0% |
| Risk-adjusted return (90d) | -0.27 | 0.01 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: SHIB outperformed 永生果蝇 by 64.2% — measured on the 永生果蝇/SHIB ratio, so it holds regardless of market direction.