Ape and Pepe (APEPE) is 5.8× the size of Brett (BRETT) by market capitalisation. Over the past 30 days, APEPE is ahead by 5.5 percentage points (APEPE -5.6% against BRETT -11.1%). Their daily returns move barely together (correlation 0.24 across 51 shared trading days). Both have run at a similar volatility, around 96% annualised.
APEPEBRETT
0.24over 51 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 | APEPE | BRETT |
|---|---|---|
| Max drawdown (400d) | -24.0% | -31.9% |
| Risk-adjusted return (90d) | 0.31 | -0.04 |
Relative strength over 90 days: APEPE outperformed BRETT by 20.1% — measured on the APEPE/BRETT ratio, so it holds regardless of market direction.