Mellow Man vs Ape and Pepe

Ape and Pepe (APEPE) is 723.2× the size of Mellow Man (MELLOW) by market capitalisation. Over the past 30 days, APEPE is ahead by 44.0 percentage points (MELLOW -53.1% against APEPE -9.1%). Their daily returns move barely together (correlation 0.25 across 25 shared trading days). MELLOW has been the more volatile of the two, at 203% annualised against APEPE's 92%.

Correlation: 0.25
Size ratio: 1 : 723.2
Ahead over 30 days: APEPE

Mellow ManMELLOW

$0.005013

24h: —
Market cap: $348,004
Volume 24h: —
Volatility (ann.): 203%

Ape and PepeAPEPE

$1.200e-6

24h: -0.83%
Market cap: $251.68M
Volume 24h: $12.32M
Volatility (ann.): 92%

MELLOW 0.1%Share of the two combined market caps99.9% APEPE

Performance

MELLOWAPEPE

7 days-49.99%-0.83%APEPE
30 days-53.06%-9.09%APEPE

Correlation

0.25over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	MELLOW	APEPE
Max drawdown (400d)	-62.0%	-24.0%
Risk-adjusted return (90d)	-0.28	0.33

Relative strength over 90 days: APEPE outperformed MELLOW by 62.1% — measured on the MELLOW/APEPE ratio, so it holds regardless of market direction.

Mellow Man →Ape and Pepe →