Depinsim vs peaq

peaq (PEAQ) is 7.0× the size of Depinsim (ESIM) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.11 across 44 shared trading days). ESIM has been the more volatile of the two, at 319% annualised against PEAQ's 159%.

Correlation: -0.11
Size ratio: 1 : 7.0

DepinsimESIM

$0.091068

24h: -0.89%
Market cap: $12.25M
Volume 24h: $1.23M
Volatility (ann.): 319%

peaqPEAQ

$0.032204

24h: +7.43%
Market cap: $85.26M
Volume 24h: $2.70M
Volatility (ann.): 159%

ESIM 12.6%Share of the two combined market caps87.4% PEAQ

Performance

ESIMPEAQ

7 days-1.68%-11.32%ESIM
30 days+230.89%+20.68%ESIM
90 days+208.15%——

Correlation

-0.11over 44 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	ESIM	PEAQ
Max drawdown (400d)	-68.6%	-33.1%
Risk-adjusted return (90d)	0.65	0.44

Relative strength over 90 days: ESIM outperformed PEAQ by 140.1% — measured on the ESIM/PEAQ ratio, so it holds regardless of market direction.

Depinsim →peaq →