MAGIC•INTERNET•MONEY (Bitcoin) vs Dog (Bitcoin)

Dog (Bitcoin) (DOG) is 7.6× the size of MAGIC•INTERNET•MONEY (Bitcoin) (MIM) by market capitalisation. Over the past 30 days, MIM is ahead by 13.0 percentage points (MIM -7.3% against DOG -20.4%). Their daily returns move barely together (correlation 0.21 across 34 shared trading days). Both have run at a similar volatility, around 151% annualised.

Correlation: 0.21
Size ratio: 1 : 7.6
Ahead over 30 days: MIM

MAGIC•INTERNET•MONEY (Bitcoin)MIM

$0.000530

24h: -1.62%
Market cap: $11.13M
Volume 24h: $4,451
Volatility (ann.): 154%

Dog (Bitcoin)DOG

$0.000842

24h: +6.15%
Market cap: $84.27M
Volume 24h: $626,868
Volatility (ann.): 148%

MIM 11.7%Share of the two combined market caps88.3% DOG

Performance

MIMDOG

7 days-14.05%-9.71%DOG
30 days-7.32%-20.37%MIM

Correlation

0.21over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	MIM	DOG
Max drawdown (400d)	-29.8%	-45.1%
Risk-adjusted return (90d)	0.00	0.23

Relative strength over 90 days: MIM outperformed DOG by 55.0% — measured on the MIM/DOG ratio, so it holds regardless of market direction.

MAGIC•INTERNET•MONEY (Bitcoin) →Dog (Bitcoin) →