dogwifhat (WIF) is 29263.7× the size of one life, its worth an attempt (WORTH) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 35 shared trading days). WORTH has been the more volatile of the two, at 128% annualised against WIF's 104%.
$5.480e-6
WORTHWIF
-0.11over 35 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 | WIF |
|---|---|---|
| Max drawdown (400d) | -50.9% | -83.1% |
| Risk-adjusted return (90d) | -0.35 | 0.21 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: WIF outperformed WORTH by 19.1% — measured on the WORTH/WIF ratio, so it holds regardless of market direction.