dogwifhat (WIF) is 13970.9× the size of 마라도의 파수꾼 (The Guardian of Marado) (NOORUNG) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.13 across 31 shared trading days). NOORUNG has been the more volatile of the two, at 693% annualised against WIF's 104%.
$0.000123
NOORUNGWIF
-0.13over 31 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 | NOORUNG | WIF |
|---|---|---|
| Max drawdown (400d) | -82.1% | -83.1% |
| Risk-adjusted return (90d) | 0.29 | 0.21 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: NOORUNG outperformed WIF by 340.8% — measured on the NOORUNG/WIF ratio, so it holds regardless of market direction.