Dogecoin (DOGE) is 573321.8× the size of Molly (MOLLY) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 137 shared trading days). MOLLY has been the more volatile of the two, at 121% annualised against DOGE's 70%.
MOLLYDOGE
0.61over 137 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 | MOLLY | DOGE |
|---|---|---|
| Max drawdown (400d) | -70.9% | -74.0% |
| Risk-adjusted return (90d) | 0.04 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: MOLLY outperformed DOGE by 54.4% — measured on the MOLLY/DOGE ratio, so it holds regardless of market direction.