Dogecoin (DOGE) is 26477.0× the size of 老子 (Laozi) (老子) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 273 shared trading days). 老子 has been the more volatile of the two, at 293% annualised against DOGE's 70%.
老子DOGE
0.16over 273 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 | 老子 | DOGE |
|---|---|---|
| Max drawdown (400d) | -98.1% | -74.0% |
| Risk-adjusted return (90d) | -0.09 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 老子 by 23.6% — measured on the 老子/DOGE ratio, so it holds regardless of market direction.