Dogecoin (DOGE) is 1862997.5× the size of Just a based guy (BASEDGUY) by market capitalisation. Their daily returns move loosely together (correlation 0.38 across 139 shared trading days). BASEDGUY has been the more volatile of the two, at 161% annualised against DOGE's 70%.
BASEDGUYDOGE
0.38over 139 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 | BASEDGUY | DOGE |
|---|---|---|
| Max drawdown (400d) | -86.7% | -74.0% |
| Risk-adjusted return (90d) | -0.45 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed BASEDGUY by 26.9% — measured on the BASEDGUY/DOGE ratio, so it holds regardless of market direction.