Dogecoin (DOGE) is 142985.9× the size of Web (WEB) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 24 shared trading days). WEB has been the more volatile of the two, at 25996% annualised against DOGE's 70%.
WEBDOGE
0.19over 24 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 | WEB | DOGE |
|---|---|---|
| Max drawdown (400d) | -98.4% | -74.0% |
| Risk-adjusted return (90d) | 0.08 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: WEB outperformed DOGE by 2520.2% — measured on the WEB/DOGE ratio, so it holds regardless of market direction.