Baby Doge Coin (BABYDOGE) is 4709.9× the size of Pibblepan’s Coin (PIBBLE) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 21 shared trading days). PIBBLE has been the more volatile of the two, at 111% annualised against BABYDOGE's 48%.
PIBBLEBABYDOGE
0.50over 21 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 | PIBBLE | BABYDOGE |
|---|---|---|
| Max drawdown (400d) | -55.5% | -15.5% |
| Risk-adjusted return (90d) | -0.49 | -0.27 |
Relative strength over 90 days: BABYDOGE outperformed PIBBLE by 21.5% — measured on the PIBBLE/BABYDOGE ratio, so it holds regardless of market direction.