Ape and Pepe (APEPE) is 5407.3× the size of Matt Furie's Boys Club (BOYSCLUB) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 31 shared trading days). BOYSCLUB has been the more volatile of the two, at 150% annualised against APEPE's 92%.
BOYSCLUBAPEPE
0.41over 31 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 | BOYSCLUB | APEPE |
|---|---|---|
| Max drawdown (400d) | -83.0% | -24.0% |
| Risk-adjusted return (90d) | -0.58 | 0.31 |
Relative strength over 90 days: APEPE outperformed BOYSCLUB by 33.7% — measured on the BOYSCLUB/APEPE ratio, so it holds regardless of market direction.