Emerge vs Pieverse

Pieverse (PIEVERSE) is 17032.3× the size of Emerge (EMERGE) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 99.4 percentage points (EMERGE -91.6% against PIEVERSE +7.8%). Their daily returns move barely together (correlation 0.15 across 24 shared trading days). EMERGE has been the more volatile of the two, at 1079% annualised against PIEVERSE's 143%.

Correlation: 0.15
Size ratio: 1 : 17032.3
Ahead over 30 days: PIEVERSE

EmergeEMERGE

$2.267e-7

24h: —
Market cap: $22,669
Volume 24h: —
Volatility (ann.): 1079%

PieversePIEVERSE

$1.4100

24h: +10.58%
Market cap: $386.11M
Volume 24h: $21.25M
Volatility (ann.): 143%

EMERGE 0.0%Share of the two combined market caps100.0% PIEVERSE

Performance

EMERGEPIEVERSE

7 days-87.83%+27.18%PIEVERSE
30 days-91.56%+7.83%PIEVERSE

Correlation

0.15over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	EMERGE	PIEVERSE
Max drawdown (400d)	-96.4%	-38.7%
Risk-adjusted return (90d)	-0.08	0.32

Relative strength over 90 days: PIEVERSE outperformed EMERGE by 90.7% — measured on the EMERGE/PIEVERSE ratio, so it holds regardless of market direction.

Emerge →Pieverse →