Dogecoin (DOGE) is 98878.5× the size of Okayeg (OKAYEG) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 33 shared trading days). OKAYEG has been the more volatile of the two, at 92% annualised against DOGE's 70%.
OKAYEGDOGE
0.47over 33 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 | OKAYEG | DOGE |
|---|---|---|
| Max drawdown (400d) | -28.6% | -74.0% |
| Risk-adjusted return (90d) | -0.20 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: OKAYEG outperformed DOGE by 0.2% — measured on the OKAYEG/DOGE ratio, so it holds regardless of market direction.