Pepe (PEPE) is 9224.3× the size of Amocucinare (AMORE) by market capitalisation. Over the past 1 year, PEPE is ahead by 79.4 percentage points (AMORE -90.6% against PEPE -11.2%). Their daily returns move barely together (correlation 0.31 across 372 shared trading days). Both have run at a similar volatility, around 105% annualised.
AMOREPEPE
0.31over 372 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 | AMORE | PEPE |
|---|---|---|
| Max drawdown (400d) | -93.1% | -77.2% |
| Risk-adjusted return (90d) | -0.51 | 0.71 |
| Best 30 days (past year) | +48.7% | +63.5% |
| Worst 30 days (past year) | -50.3% | -48.9% |
Relative strength over 90 days: PEPE outperformed AMORE by 81.9% — measured on the AMORE/PEPE ratio, so it holds regardless of market direction.