PepeCoin (PEPECOIN) is 25.6× the size of GAME•OF•BITCOIN (GAMES) by market capitalisation. Over the past 1 year, GAMES is ahead by 65.4 percentage points (GAMES -34.6% against PEPECOIN -100.0%). Their daily returns move barely together (correlation 0.05 across 363 shared trading days). Both have run at a similar volatility, around 163% annualised.
GAMESPEPECOIN
0.05over 363 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 | GAMES | PEPECOIN |
|---|---|---|
| Max drawdown (400d) | -82.8% | -100.0% |
| Risk-adjusted return (90d) | -0.49 | -0.37 |
| Best 30 days (past year) | — | +199.3% |
| Worst 30 days (past year) | — | -100.0% |
Relative strength over 90 days: PEPECOIN outperformed GAMES by 93.2% — measured on the GAMES/PEPECOIN ratio, so it holds regardless of market direction.