ApeCoin (APE) is 1330.2× the size of GRAM Ecosystem (GRAMPUS) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.16 across 64 shared trading days). GRAMPUS has been the more volatile of the two, at 20060% annualised against APE's 117%.
GRAMPUSAPE
-0.16over 64 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 | GRAMPUS | APE |
|---|---|---|
| Max drawdown (400d) | -99.3% | -85.7% |
| Risk-adjusted return (90d) | 0.01 | -0.19 |
| Best 30 days (past year) | — | +113.9% |
| Worst 30 days (past year) | — | -47.6% |
Relative strength over 90 days: GRAMPUS outperformed APE by 932.9% — measured on the GRAMPUS/APE ratio, so it holds regardless of market direction.