Dogecoin (DOGE) is 102129.5× the size of Mr. Lightspeed Creator Coin (MR_LIGHTSPEED) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.36 across 39 shared trading days). MR_LIGHTSPEED has been the more volatile of the two, at 111% annualised against DOGE's 70%.
$0.000216
MR_LIGHTSPEEDDOGE
-0.36over 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 | MR_LIGHTSPEED | DOGE |
|---|---|---|
| Max drawdown (400d) | -39.1% | -74.0% |
| Risk-adjusted return (90d) | -0.18 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed MR_LIGHTSPEED by 14.7% — measured on the MR_LIGHTSPEED/DOGE ratio, so it holds regardless of market direction.