Dogecoin (DOGE) is 244505.5× the size of Mops (MOPS) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 192 shared trading days). MOPS has been the more volatile of the two, at 85% annualised against DOGE's 70%.
MOPSDOGE
0.75over 192 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 | MOPS | DOGE |
|---|---|---|
| Max drawdown (400d) | -60.3% | -74.0% |
| Risk-adjusted return (90d) | 0.01 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: MOPS outperformed DOGE by 22.1% — measured on the MOPS/DOGE ratio, so it holds regardless of market direction.