Dogecoin (DOGE) is 268250.5× the size of Schrodinger (MEOW) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 70 shared trading days). MEOW has been the more volatile of the two, at 157% annualised against DOGE's 70%.
MEOWDOGE
0.50over 70 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 | MEOW | DOGE |
|---|---|---|
| Max drawdown (400d) | -83.6% | -74.0% |
| Risk-adjusted return (90d) | -0.51 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed MEOW by 46.5% — measured on the MEOW/DOGE ratio, so it holds regardless of market direction.