Dogecoin (DOGE) is 301209.3× the size of 世界和平 (World Peace) (世界和平) by market capitalisation. Their daily returns move barely together (correlation 0.33 across 34 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against 世界和平's 60%.
世界和平DOGE
0.33over 34 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 | 世界和平 | DOGE |
|---|---|---|
| Max drawdown (400d) | -24.7% | -74.0% |
| Risk-adjusted return (90d) | -0.38 | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: DOGE outperformed 世界和平 by 5.4% — measured on the 世界和平/DOGE ratio, so it holds regardless of market direction.