dogwifhat (WIF) is 5222.1× the size of White Boy Summer (WBS) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 184 shared trading days). Both have run at a similar volatility, around 100% annualised.
WBSWIF
0.50over 184 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 | WBS | WIF |
|---|---|---|
| Max drawdown (400d) | -71.3% | -83.1% |
| Risk-adjusted return (90d) | -0.22 | 0.21 |
| Best 30 days (past year) | — | +57.5% |
| Worst 30 days (past year) | — | -50.5% |
Relative strength over 90 days: WIF outperformed WBS by 14.8% — measured on the WBS/WIF ratio, so it holds regardless of market direction.