Pieverse (PIEVERSE) is 8.3× the size of DAPPOS (DOS) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 4.8 percentage points (DOS -9.8% against PIEVERSE -4.9%). Their daily returns move barely together (correlation 0.32 across 48 shared trading days). Both have run at a similar volatility, around 139% annualised.
DOSPIEVERSE
0.32over 48 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 | DOS | PIEVERSE |
|---|---|---|
| Max drawdown (400d) | -42.3% | -38.7% |
| Risk-adjusted return (90d) | -0.15 | 0.25 |
Relative strength over 90 days: PIEVERSE outperformed DOS by 24.3% — measured on the DOS/PIEVERSE ratio, so it holds regardless of market direction.