Dogs (DOGS) is 6.2× the size of Resistance Dog (REDO) by market capitalisation. Over the past 1 year, DOGS is ahead by 10.0 percentage points (REDO -39.7% against DOGS -29.6%). Their daily returns move barely together (correlation 0.33 across 373 shared trading days). REDO has been the more volatile of the two, at 221% annualised against DOGS's 130%.
REDODOGS
0.33over 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 | DOGS |
|---|---|---|
| Max drawdown (400d) | -78.4% | -80.2% |
| Risk-adjusted return (90d) | -0.25 | -0.11 |
| Best 30 days (past year) | +582.0% | +210.1% |
| Worst 30 days (past year) | -66.5% | -54.4% |
Relative strength over 90 days: DOGS outperformed REDO by 23.1% — measured on the REDO/DOGS ratio, so it holds regardless of market direction.