Melon Dog vs Dog (Bitcoin)

Dog (Bitcoin) (DOG) is 2176.0× the size of Melon Dog (MELON) by market capitalisation. Over the past 30 days, DOG is ahead by 6.3 percentage points (MELON -21.2% against DOG -14.9%). Their daily returns move loosely together (correlation 0.43 across 21 shared trading days). DOG has been the more volatile of the two, at 148% annualised against MELON's 69%.

Correlation: 0.43
Size ratio: 1 : 2176.0
Ahead over 30 days: DOG

Melon DogMELON

$9.245e-5

24h: —
Market cap: $37,674
Volume 24h: $5
Volatility (ann.): 69%

Dog (Bitcoin)DOG

$0.000820

24h: -6.56%
Market cap: $81.98M
Volume 24h: $574,241
Volatility (ann.): 148%

MELON 0.0%Share of the two combined market caps100.0% DOG

Performance

MELONDOG

7 days-7.95%-2.04%DOG
30 days-21.20%-14.89%DOG

Correlation

0.43over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MELON	DOG
Max drawdown (400d)	-25.3%	-45.1%
Risk-adjusted return (90d)	-0.28	0.32

Relative strength over 90 days: DOG outperformed MELON by 4.9% — measured on the MELON/DOG ratio, so it holds regardless of market direction.

Melon Dog →Dog (Bitcoin) →