Dogecoin (DOGE) is 76799.9× the size of PepeTopia (PEPETOPIA) by market capitalisation. Their daily returns move closely together (correlation 0.77 across 79 shared trading days). PEPETOPIA has been the more volatile of the two, at 153% annualised against DOGE's 70%.
PEPETOPIADOGE
0.77over 79 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 | PEPETOPIA | DOGE |
|---|---|---|
| Max drawdown (400d) | -72.0% | -74.0% |
| Risk-adjusted return (90d) | -0.31 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: PEPETOPIA outperformed DOGE by 44.1% — measured on the PEPETOPIA/DOGE ratio, so it holds regardless of market direction.