dogwifhat (WIF) is 78.7× the size of The Last Play (RETIRE) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 31 shared trading days). RETIRE has been the more volatile of the two, at 139% annualised against WIF's 104%.
RETIREWIF
0.57over 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 | RETIRE | WIF |
|---|---|---|
| Max drawdown (400d) | -28.0% | -83.1% |
| Risk-adjusted return (90d) | -0.03 | 0.22 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: WIF outperformed RETIRE by 24.4% — measured on the RETIRE/WIF ratio, so it holds regardless of market direction.