What’s Updog? vs Dog (Bitcoin)

Dog (Bitcoin) (DOG) is 1013.9× the size of What’s Updog? (UPDOG) by market capitalisation. Over the past 30 days, UPDOG is ahead by 14.2 percentage points (UPDOG -10.5% against DOG -24.8%). Their daily returns move loosely together (correlation 0.57 across 23 shared trading days). DOG has been the more volatile of the two, at 149% annualised against UPDOG's 65%.

Correlation: 0.57
Size ratio: 1 : 1013.9
Ahead over 30 days: UPDOG

What’s Updog?UPDOG

$8.104e-5

24h: -5.50%
Market cap: $81,035
Volume 24h: $21
Volatility (ann.): 65%

Dog (Bitcoin)DOG

$0.000820

24h: -4.55%
Market cap: $82.16M
Volume 24h: $517,113
Volatility (ann.): 149%

UPDOG 0.1%Share of the two combined market caps99.9% DOG

Performance

UPDOGDOG

7 days-10.01%-2.80%DOG
30 days-10.54%-24.78%UPDOG

Correlation

0.57over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	UPDOG	DOG
Max drawdown (400d)	-16.5%	-45.1%
Risk-adjusted return (90d)	-0.18	0.24

Relative strength over 90 days: UPDOG outperformed DOG by 7.1% — measured on the UPDOG/DOG ratio, so it holds regardless of market direction.

What’s Updog? →Dog (Bitcoin) →