Pepe (PEPE) is 196583.2× the size of 光源 (Light Source) (光源) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 35 shared trading days). Both have run at a similar volatility, around 104% annualised.
光源PEPE
0.46over 35 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 | 光源 | PEPE |
|---|---|---|
| Max drawdown (400d) | -23.2% | -77.2% |
| Risk-adjusted return (90d) | -0.12 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed 光源 by 22.3% — measured on the 光源/PEPE ratio, so it holds regardless of market direction.