Codatta vs Pieverse

Pieverse (PIEVERSE) is 17.3× the size of Codatta (XNY) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 15.8 percentage points (XNY -15.0% against PIEVERSE +0.8%). Their daily returns move loosely together (correlation 0.59 across 33 shared trading days). PIEVERSE has been the more volatile of the two, at 144% annualised against XNY's 110%.

Correlation: 0.59
Size ratio: 1 : 17.3
Ahead over 30 days: PIEVERSE

CodattaXNY

$0.005652

24h: +0.01%
Market cap: $20.55M
Volume 24h: $249,342
Volatility (ann.): 110%

PieversePIEVERSE

$1.2900

24h: +11.66%
Market cap: $354.75M
Volume 24h: $9.01M
Volatility (ann.): 144%

XNY 5.5%Share of the two combined market caps94.5% PIEVERSE

Performance

XNYPIEVERSE

7 days-22.67%+14.98%PIEVERSE
30 days-14.97%+0.85%PIEVERSE

Correlation

0.59over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 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	XNY	PIEVERSE
Max drawdown (400d)	-25.2%	-38.7%
Risk-adjusted return (90d)	-0.16	0.28

Relative strength over 90 days: PIEVERSE outperformed XNY by 21.2% — measured on the XNY/PIEVERSE ratio, so it holds regardless of market direction.

Codatta →Pieverse →