LayerX vs Pieverse

Pieverse (PIEVERSE) is 1087.1× the size of LayerX (LX) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 33.1 percentage points (LX -38.1% against PIEVERSE -4.9%). Their daily returns move barely in opposite directions (correlation -0.18 across 23 shared trading days). Both have run at a similar volatility, around 144% annualised.

Correlation: -0.18
Size ratio: 1 : 1087.1
Ahead over 30 days: PIEVERSE

LayerXLX

$3.000e-5

24h: +4.16%
Market cap: $299,983
Volume 24h: $112
Volatility (ann.): 143%

PieversePIEVERSE

$1.1900

24h: +1.27%
Market cap: $326.12M
Volume 24h: $6.74M
Volatility (ann.): 145%

LX 0.1%Share of the two combined market caps99.9% PIEVERSE

Performance

LXPIEVERSE

7 days-20.58%+10.79%PIEVERSE
30 days-38.07%-4.92%PIEVERSE

Correlation

-0.18over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	LX	PIEVERSE
Max drawdown (400d)	-44.6%	-38.7%
Risk-adjusted return (90d)	-0.28	0.25

Relative strength over 90 days: PIEVERSE outperformed LX by 18.0% — measured on the LX/PIEVERSE ratio, so it holds regardless of market direction.

LayerX →Pieverse →