Pepe (PEPE) is 54.3× the size of GOHOME (GOHOME) by market capitalisation. Their daily returns move loosely together (correlation 0.50 across 53 shared trading days). PEPE has been the more volatile of the two, at 102% annualised against GOHOME's 28%.
GOHOMEPEPE
0.50over 53 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 | GOHOME | PEPE |
|---|---|---|
| Max drawdown (400d) | -5.6% | -77.2% |
| Risk-adjusted return (90d) | 0.19 | 0.63 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed GOHOME by 10.9% — measured on the GOHOME/PEPE ratio, so it holds regardless of market direction.