Dogs (DOGS) is 121.3× the size of NikolAI (NIKO) by market capitalisation. Over the past 1 year, DOGS is ahead by 44.5 percentage points (NIKO -73.9% against DOGS -29.5%). Their daily returns move barely together (correlation 0.30 across 367 shared trading days). Both have run at a similar volatility, around 138% annualised.
NIKODOGS
0.30over 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 | DOGS |
|---|---|---|
| Max drawdown (400d) | -90.9% | -80.2% |
| Risk-adjusted return (90d) | -0.62 | -0.12 |
| Best 30 days (past year) | +201.3% | +210.1% |
| Worst 30 days (past year) | -66.1% | -54.4% |
Relative strength over 90 days: DOGS outperformed NIKO by 76.5% — measured on the NIKO/DOGS ratio, so it holds regardless of market direction.