Shiba Inu (SHIB) is 82.6× the size of ConstitutionDAO (PEOPLE) by market capitalisation. Over the past 1 year, PEOPLE is ahead by 14.0 percentage points (PEOPLE -35.7% against SHIB -49.6%). Their daily returns move closely together (correlation 0.72 across 399 shared trading days). PEOPLE has been the more volatile of the two, at 105% annualised against SHIB's 69%.
PEOPLESHIB
0.72over 399 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 | PEOPLE | SHIB |
|---|---|---|
| Max drawdown (400d) | -72.8% | -68.0% |
| Risk-adjusted return (90d) | -0.08 | -0.08 |
| Best 30 days (past year) | +113.5% | +39.1% |
| Worst 30 days (past year) | -45.4% | -38.4% |
Relative strength over 90 days: SHIB outperformed PEOPLE by 3.3% — measured on the PEOPLE/SHIB ratio, so it holds regardless of market direction.