Shiba Inu (SHIB) is 291087.2× the size of Solana Horse (SOLBISCUIT) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 27 shared trading days). SHIB has been the more volatile of the two, at 69% annualised against SOLBISCUIT's 46%.
SOLBISCUITSHIB
0.29over 27 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 | SOLBISCUIT | SHIB |
|---|---|---|
| Max drawdown (400d) | -26.0% | -68.0% |
| Risk-adjusted return (90d) | -0.53 | 0.01 |
| Best 30 days (past year) | — | +39.1% |
| Worst 30 days (past year) | — | -38.4% |
Relative strength over 90 days: SHIB outperformed SOLBISCUIT by 7.0% — measured on the SOLBISCUIT/SHIB ratio, so it holds regardless of market direction.