Pepe (PEPE) is 70460.9× the size of 币安汽车 (Bianqiche) (币安汽车) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 35 shared trading days). PEPE has been the more volatile of the two, at 102% annualised against 币安汽车's 62%.
币安汽车PEPE
0.15over 35 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 | 币安汽车 | PEPE |
|---|---|---|
| Max drawdown (400d) | -16.4% | -77.2% |
| Risk-adjusted return (90d) | -0.19 | 0.65 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed 币安汽车 by 21.4% — measured on the 币安汽车/PEPE ratio, so it holds regardless of market direction.