Dogecoin (DOGE) is 659080.6× the size of 马到成功 (Success) (马到成功) by market capitalisation. Their daily returns move loosely together (correlation 0.47 across 189 shared trading days). Both have run at a similar volatility, around 73% annualised.
马到成功DOGE
0.47over 189 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 | 马到成功 | DOGE |
|---|---|---|
| Max drawdown (400d) | -50.2% | -74.0% |
| Risk-adjusted return (90d) | -0.35 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 马到成功 by 22.7% — measured on the 马到成功/DOGE ratio, so it holds regardless of market direction.