Pepe (PEPE) is 41.9× the size of MEMETOON (MEME) by market capitalisation. Over the past 1 year, PEPE is ahead by 54.0 percentage points (MEME -68.9% against PEPE -14.9%). Their daily returns move closely together (correlation 0.71 across 399 shared trading days). Both have run at a similar volatility, around 98% annualised.
MEMEPEPE
0.71over 399 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 | MEME | PEPE |
|---|---|---|
| Max drawdown (400d) | -83.7% | -77.2% |
| Risk-adjusted return (90d) | -0.18 | 0.63 |
| Best 30 days (past year) | +26.0% | +63.5% |
| Worst 30 days (past year) | -45.4% | -48.9% |
Relative strength over 90 days: PEPE outperformed MEME by 48.6% — measured on the MEME/PEPE ratio, so it holds regardless of market direction.