PONGO vs Degen

Degen (DEGEN) is 162.4× the size of PONGO (PONGO) by market capitalisation. Over the past 30 days, DEGEN is ahead by 66.6 percentage points (PONGO -84.4% against DEGEN -17.8%). Their daily returns move barely together (correlation 0.34 across 30 shared trading days). PONGO has been the more volatile of the two, at 526% annualised against DEGEN's 78%.

Correlation: 0.34
Size ratio: 1 : 162.4
Ahead over 30 days: DEGEN

PONGOPONGO

$0.000195

24h: -0.94%
Market cap: $194,757
Volume 24h: $12,857
Volatility (ann.): 526%

DegenDEGEN

$0.000882

24h: +2.39%
Market cap: $31.63M
Volume 24h: $3.31M
Volatility (ann.): 78%

PONGO 0.6%Share of the two combined market caps99.4% DEGEN

Performance

PONGODEGEN

7 days-55.38%-7.09%DEGEN
30 days-84.40%-17.76%DEGEN

Correlation

0.34over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	PONGO	DEGEN
Max drawdown (400d)	-90.4%	-26.2%
Risk-adjusted return (90d)	-0.16	-0.22

Relative strength over 90 days: DEGEN outperformed PONGO by 82.6% — measured on the PONGO/DEGEN ratio, so it holds regardless of market direction.

PONGO →Degen →