dogwifhat (WIF) is 118.1× the size of MYRO (MYRO) by market capitalisation. Over the past 1 year, WIF is ahead by 31.9 percentage points (MYRO -92.9% against WIF -61.0%). Their daily returns move barely together (correlation 0.23 across 373 shared trading days). MYRO has been the more volatile of the two, at 201% annualised against WIF's 104%.
MYROWIF
0.23over 373 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 | MYRO | WIF |
|---|---|---|
| Max drawdown (400d) | -94.0% | -83.1% |
| Risk-adjusted return (90d) | -0.37 | 0.22 |
| Best 30 days (past year) | +67.3% | +57.5% |
| Worst 30 days (past year) | -63.8% | -50.5% |
Relative strength over 90 days: WIF outperformed MYRO by 46.1% — measured on the MYRO/WIF ratio, so it holds regardless of market direction.