Dogecoin (DOGE) is 17519.9× the size of one life, its worth an attempt (WORTH) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 31 shared trading days). WORTH has been the more volatile of the two, at 458% annualised against DOGE's 70%.
$0.000686
WORTHDOGE
0.10over 31 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 | WORTH | DOGE |
|---|---|---|
| Max drawdown (400d) | -58.9% | -74.0% |
| Risk-adjusted return (90d) | -0.05 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed WORTH by 32.3% — measured on the WORTH/DOGE ratio, so it holds regardless of market direction.