Dogecoin (DOGE) is 437866.6× the size of Molt Doge (MOLGE) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.00 across 41 shared trading days). MOLGE has been the more volatile of the two, at 4444% annualised against DOGE's 70%.
MOLGEDOGE
-0.00over 41 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 | MOLGE | DOGE |
|---|---|---|
| Max drawdown (400d) | -94.4% | -74.0% |
| Risk-adjusted return (90d) | 0.00 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: MOLGE outperformed DOGE by 12.8% — measured on the MOLGE/DOGE ratio, so it holds regardless of market direction.