Dogecoin (DOGE) is 13178.6× the size of Mistery (MERY) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 39 shared trading days). MERY has been the more volatile of the two, at 172% annualised against DOGE's 70%.
MERYDOGE
0.72over 39 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 | MERY | DOGE |
|---|---|---|
| Max drawdown (400d) | -47.7% | -74.0% |
| Risk-adjusted return (90d) | -0.24 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed MERY by 36.0% — measured on the MERY/DOGE ratio, so it holds regardless of market direction.