Dogecoin (DOGE) is 234.1× the size of MEMETOON (MEME) by market capitalisation. Over the past 1 year, DOGE is ahead by 13.8 percentage points (MEME -68.9% against DOGE -55.1%). Their daily returns move closely together (correlation 0.70 across 399 shared trading days). MEME has been the more volatile of the two, at 94% annualised against DOGE's 70%.
MEMEDOGE
0.70over 399 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 | MEME | DOGE |
|---|---|---|
| Max drawdown (400d) | -83.7% | -74.0% |
| Risk-adjusted return (90d) | -0.18 | 0.11 |
| Best 30 days (past year) | +26.0% | +34.3% |
| Worst 30 days (past year) | -45.4% | -41.2% |
Relative strength over 90 days: DOGE outperformed MEME by 19.1% — measured on the MEME/DOGE ratio, so it holds regardless of market direction.