Pieverse (PIEVERSE) is 16.1× the size of KGeN (KGEN) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 51.5 percentage points (KGEN -56.4% against PIEVERSE -4.9%). Their daily returns move loosely together (correlation 0.56 across 42 shared trading days). Both have run at a similar volatility, around 140% annualised.
KGENPIEVERSE
0.56over 42 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 | KGEN | PIEVERSE |
|---|---|---|
| Max drawdown (400d) | -61.7% | -38.7% |
| Risk-adjusted return (90d) | -0.44 | 0.25 |
Relative strength over 90 days: PIEVERSE outperformed KGEN by 63.8% — measured on the KGEN/PIEVERSE ratio, so it holds regardless of market direction.