Brett (BRETT) is 866.8× the size of American Pepe (USPEPE) by market capitalisation. Their daily returns move very closely together (correlation 0.89 across 26 shared trading days). USPEPE has been the more volatile of the two, at 144% annualised against BRETT's 100%.
USPEPEBRETT
0.89over 26 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 | USPEPE | BRETT |
|---|---|---|
| Max drawdown (400d) | -48.0% | -31.9% |
| Risk-adjusted return (90d) | -0.07 | -0.04 |
Relative strength over 90 days: USPEPE outperformed BRETT by 1.5% — measured on the USPEPE/BRETT ratio, so it holds regardless of market direction.