Dogecoin (DOGE) is 677109.4× the size of Shamatte (杀马特) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 183 shared trading days). 杀马特 has been the more volatile of the two, at 179% annualised against DOGE's 70%.
杀马特DOGE
0.22over 183 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 | 杀马特 | DOGE |
|---|---|---|
| Max drawdown (400d) | -69.3% | -74.0% |
| Risk-adjusted return (90d) | -0.18 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 杀马特 by 13.5% — measured on the 杀马特/DOGE ratio, so it holds regardless of market direction.