The Original Doge vs cat in a dogs world

cat in a dogs world (MEW) is 57.7× the size of The Original Doge (OGDOGE) by market capitalisation. Over the past 30 days, MEW is ahead by 47.6 percentage points (OGDOGE -52.6% against MEW -4.9%). Their daily returns move barely together (correlation 0.23 across 36 shared trading days). OGDOGE has been the more volatile of the two, at 259% annualised against MEW's 99%.

Correlation: 0.23
Size ratio: 1 : 57.7
Ahead over 30 days: MEW

The Original DogeOGDOGE

$0.000680

24h: -3.25%
Market cap: $594,428
Volume 24h: $32,741
Volatility (ann.): 259%

cat in a dogs worldMEW

$0.000386

24h: +0.42%
Market cap: $34.29M
Volume 24h: $3.95M
Volatility (ann.): 99%

OGDOGE 1.7%Share of the two combined market caps98.3% MEW

Performance

OGDOGEMEW

7 days-15.10%-11.24%MEW
30 days-52.57%-4.93%MEW

Correlation

0.23over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	OGDOGE	MEW
Max drawdown (400d)	-73.6%	-24.8%
Risk-adjusted return (90d)	-0.24	-0.09

Relative strength over 90 days: MEW outperformed OGDOGE by 57.0% — measured on the OGDOGE/MEW ratio, so it holds regardless of market direction.

The Original Doge →cat in a dogs world →