Dogecoin (DOGE) is 1284760.3× the size of 牛马打工人 (牛马) by market capitalisation. Their daily returns move barely together (correlation 0.27 across 22 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against 牛马's 39%.
牛马DOGE
0.27over 22 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 | 牛马 | DOGE |
|---|---|---|
| Max drawdown (400d) | -15.0% | -74.0% |
| Risk-adjusted return (90d) | -0.33 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: 牛马 outperformed DOGE by 6.8% — measured on the 牛马/DOGE ratio, so it holds regardless of market direction.