Non-Playable Coin (NPC) is 3294.1× the size of GME (Base) (GME) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 30 shared trading days). NPC has been the more volatile of the two, at 165% annualised against GME's 92%.
GMENPC
0.63over 30 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 | GME | NPC |
|---|---|---|
| Max drawdown (400d) | -71.4% | -34.4% |
| Risk-adjusted return (90d) | -0.38 | 1.20 |
Relative strength over 90 days: NPC outperformed GME by 64.3% — measured on the GME/NPC ratio, so it holds regardless of market direction.