Bonk (BONK) is 64.4× the size of Resistance Dog (REDO) by market capitalisation. Over the past 1 year, REDO is ahead by 36.1 percentage points (REDO -39.7% against BONK -75.8%). Their daily returns move barely together (correlation 0.29 across 373 shared trading days). REDO has been the more volatile of the two, at 221% annualised against BONK's 100%.
REDOBONK
0.29over 373 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 | REDO | BONK |
|---|---|---|
| Max drawdown (400d) | -78.4% | -89.7% |
| Risk-adjusted return (90d) | -0.25 | 0.03 |
| Best 30 days (past year) | +582.0% | +37.0% |
| Worst 30 days (past year) | -66.5% | -51.0% |
Relative strength over 90 days: BONK outperformed REDO by 10.3% — measured on the REDO/BONK ratio, so it holds regardless of market direction.