Dogecoin (DOGE) is 361995.9× the size of Warplet (WARPLET) by market capitalisation. Their daily returns move barely together (correlation 0.12 across 158 shared trading days). WARPLET has been the more volatile of the two, at 699% annualised against DOGE's 70%.
WARPLETDOGE
0.12over 158 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 | WARPLET | DOGE |
|---|---|---|
| Max drawdown (400d) | -91.3% | -74.0% |
| Risk-adjusted return (90d) | -0.38 | 0.03 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed WARPLET by 17.4% — measured on the WARPLET/DOGE ratio, so it holds regardless of market direction.