Render (RENDER) is 36842.5× the size of ePEG (EPEG) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 91 shared trading days). EPEG has been the more volatile of the two, at 140% annualised against RENDER's 95%.
EPEGRENDER
0.09over 91 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 | EPEG | RENDER |
|---|---|---|
| Max drawdown (400d) | -77.9% | -66.5% |
| Risk-adjusted return (90d) | -0.46 | 0.19 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: RENDER outperformed EPEG by 65.9% — measured on the EPEG/RENDER ratio, so it holds regardless of market direction.