Dogecoin (DOGE) is 556424.0× the size of 全网爆火表情包 (Viral Emoji Pack) (背手负鼠) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 36 shared trading days). Both have run at a similar volatility, around 74% annualised.
$2.030e-5
背手负鼠DOGE
-0.03over 36 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 | 背手负鼠 | DOGE |
|---|---|---|
| Max drawdown (400d) | -31.3% | -74.0% |
| Risk-adjusted return (90d) | -0.31 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: 背手负鼠 outperformed DOGE by 0.3% — measured on the 背手负鼠/DOGE ratio, so it holds regardless of market direction.