Dogecoin (DOGE) is 5105.1× the size of TEDDY BEAR (BEAR) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 29 shared trading days). BEAR has been the more volatile of the two, at 282% annualised against DOGE's 70%.
BEARDOGE
0.72over 29 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 | BEAR | DOGE |
|---|---|---|
| Max drawdown (400d) | -77.0% | -74.0% |
| Risk-adjusted return (90d) | -0.27 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed BEAR by 73.8% — measured on the BEAR/DOGE ratio, so it holds regardless of market direction.