Ape and Pepe (APEPE) is 15354.7× the size of Brett's Dog (BROGG) by market capitalisation. Their daily returns move closely together (correlation 0.77 across 20 shared trading days). BROGG has been the more volatile of the two, at 974% annualised against APEPE's 92%.
BROGGAPEPE
0.77over 20 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 | BROGG | APEPE |
|---|---|---|
| Max drawdown (400d) | -90.3% | -24.0% |
| Risk-adjusted return (90d) | -0.14 | 0.31 |
Relative strength over 90 days: APEPE outperformed BROGG by 10.7% — measured on the BROGG/APEPE ratio, so it holds regardless of market direction.