Dogecoin (DOGE) is 13141.8× the size of this is not a website (WEBSITE) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 41 shared trading days). WEBSITE has been the more volatile of the two, at 912% annualised against DOGE's 70%.
$0.000952
WEBSITEDOGE
0.29over 41 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 | WEBSITE | DOGE |
|---|---|---|
| Max drawdown (400d) | -92.9% | -74.0% |
| Risk-adjusted return (90d) | -0.04 | 0.11 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed WEBSITE by 26.6% — measured on the WEBSITE/DOGE ratio, so it holds regardless of market direction.