Dogecoin (DOGE) is 187.3× the size of 牛来 (Niu Lai) (牛来) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 56 shared trading days). 牛来 has been the more volatile of the two, at 196% annualised against DOGE's 70%.
牛来DOGE
0.16over 56 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 | 牛来 | DOGE |
|---|---|---|
| Max drawdown (400d) | -60.2% | -74.0% |
| Risk-adjusted return (90d) | -0.11 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 牛来 by 10.3% — measured on the 牛来/DOGE ratio, so it holds regardless of market direction.