Dogecoin (DOGE) is 2837.9× the size of Resistance Dog (REDO) by market capitalisation. Over the past 1 year, REDO is ahead by 15.4 percentage points (REDO -39.7% against DOGE -55.1%). Their daily returns move barely together (correlation 0.31 across 373 shared trading days). REDO has been the more volatile of the two, at 221% annualised against DOGE's 70%.
REDODOGE
0.31over 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 | DOGE |
|---|---|---|
| Max drawdown (400d) | -78.4% | -74.0% |
| Risk-adjusted return (90d) | -0.25 | 0.11 |
| Best 30 days (past year) | +582.0% | +34.3% |
| Worst 30 days (past year) | -66.5% | -41.2% |
Relative strength over 90 days: DOGE outperformed REDO by 38.8% — measured on the REDO/DOGE ratio, so it holds regardless of market direction.