Dogecoin (DOGE) is 57158.0× the size of NikolAI (NIKO) by market capitalisation. Over the past 1 year, DOGE is ahead by 21.4 percentage points (NIKO -73.9% against DOGE -52.5%). Their daily returns move barely together (correlation 0.24 across 367 shared trading days). NIKO has been the more volatile of the two, at 146% annualised against DOGE's 70%.
NIKODOGE
0.24over 367 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 | NIKO | DOGE |
|---|---|---|
| Max drawdown (400d) | -90.9% | -74.0% |
| Risk-adjusted return (90d) | -0.62 | 0.17 |
| Best 30 days (past year) | +201.3% | +34.3% |
| Worst 30 days (past year) | -66.1% | -41.2% |
Relative strength over 90 days: DOGE outperformed NIKO by 83.1% — measured on the NIKO/DOGE ratio, so it holds regardless of market direction.