Dogecoin (DOGE) is 1273851.8× the size of 小蚂蚁 (Little Ant) (小蚂蚁) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 20 shared trading days). DOGE has been the more volatile of the two, at 70% annualised against 小蚂蚁's 37%.
小蚂蚁DOGE
-0.03over 20 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 | 小蚂蚁 | DOGE |
|---|---|---|
| Max drawdown (400d) | -14.7% | -74.0% |
| Risk-adjusted return (90d) | — | 0.17 |
| Best 30 days (past year) | — | +34.3% |
| Worst 30 days (past year) | — | -41.2% |
Relative strength over 90 days: 小蚂蚁 outperformed DOGE by 1.3% — measured on the 小蚂蚁/DOGE ratio, so it holds regardless of market direction.