Shiba Inu (SHIB) is 10.8× the size of Bonk (BONK) by market capitalisation. Over the past 1 year, SHIB is ahead by 23.8 percentage points (SHIB -55.1% against BONK -78.8%). Their daily returns move closely together (correlation 0.83 across 399 shared trading days). BONK has been the more volatile of the two, at 100% annualised against SHIB's 69%.
SHIBBONK
0.83over 399 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 | SHIB | BONK |
|---|---|---|
| Max drawdown (400d) | -68.0% | -89.7% |
| Risk-adjusted return (90d) | -0.04 | 0.16 |
| Best 30 days (past year) | +39.1% | +37.0% |
| Worst 30 days (past year) | -38.4% | -51.0% |
Relative strength over 90 days: BONK outperformed SHIB by 15.7% — measured on the SHIB/BONK ratio, so it holds regardless of market direction.