KONDUX vs Pieverse

Pieverse (PIEVERSE) is 656.5× the size of KONDUX (KNDX) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 28.6 percentage points (KNDX -33.5% against PIEVERSE -4.9%). Their daily returns move barely in opposite directions (correlation -0.15 across 23 shared trading days). PIEVERSE has been the more volatile of the two, at 145% annualised against KNDX's 54%.

Correlation: -0.15
Size ratio: 1 : 656.5
Ahead over 30 days: PIEVERSE

KONDUXKNDX

$0.000519

24h: +0.16%
Market cap: $483,992
Volume 24h: $860
Volatility (ann.): 54%

PieversePIEVERSE

$1.1600

24h: -1.85%
Market cap: $317.75M
Volume 24h: $9.06M
Volatility (ann.): 145%

KNDX 0.2%Share of the two combined market caps99.8% PIEVERSE

Performance

KNDXPIEVERSE

7 days-13.06%+10.79%PIEVERSE
30 days-33.53%-4.92%PIEVERSE

Correlation

-0.15over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	KNDX	PIEVERSE
Max drawdown (400d)	-38.1%	-38.7%
Risk-adjusted return (90d)	-0.68	0.25

Relative strength over 90 days: PIEVERSE outperformed KNDX by 22.4% — measured on the KNDX/PIEVERSE ratio, so it holds regardless of market direction.

KONDUX →Pieverse →