PepeCoin (PEPECOIN) is 75.4× the size of MetaCene (MAK) by market capitalisation. Over the past 1 year, MAK is ahead by 6.8 percentage points (MAK -93.2% against PEPECOIN -100.0%). Their daily returns move barely in opposite directions (correlation -0.04 across 364 shared trading days). PEPECOIN has been the more volatile of the two, at 170% annualised against MAK's 66%.
MAKPEPECOIN
-0.04over 364 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 | MAK | PEPECOIN |
|---|---|---|
| Max drawdown (400d) | -93.9% | -100.0% |
| Risk-adjusted return (90d) | -0.86 | -0.37 |
| Best 30 days (past year) | — | +199.3% |
| Worst 30 days (past year) | — | -100.0% |
Relative strength over 90 days: PEPECOIN outperformed MAK by 87.5% — measured on the MAK/PEPECOIN ratio, so it holds regardless of market direction.