dogwifhat (WIF) is 6438.0× the size of TurboMoon (TMOON) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 64 shared trading days). TMOON has been the more volatile of the two, at 190% annualised against WIF's 105%.
TMOONWIF
0.61over 64 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 | TMOON | WIF |
|---|---|---|
| Max drawdown (400d) | -69.5% | -83.1% |
| Risk-adjusted return (90d) | -0.27 | 0.17 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: TMOON outperformed WIF by 51.3% — measured on the TMOON/WIF ratio, so it holds regardless of market direction.