Dogecoin (DOGE) is 387743.6× the size of Patton (PATTON) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 149 shared trading days). PATTON has been the more volatile of the two, at 129% annualised against DOGE's 70%.
PATTONDOGE
0.32over 149 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 | PATTON | DOGE |
|---|---|---|
| Max drawdown (400d) | -71.8% | -74.0% |
| Risk-adjusted return (90d) | -0.07 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: PATTON outperformed DOGE by 21.3% — measured on the PATTON/DOGE ratio, so it holds regardless of market direction.