Pepe (PEPE) is 75.3× the size of Not in Employment, Education, or Training (NEET) by market capitalisation. Their daily returns move barely together (correlation 0.22 across 50 shared trading days). NEET has been the more volatile of the two, at 237% annualised against PEPE's 102%.
$0.029125
NEETPEPE
0.22over 50 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 | NEET | PEPE |
|---|---|---|
| Max drawdown (400d) | -53.1% | -77.2% |
| Risk-adjusted return (90d) | -0.05 | 0.63 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed NEET by 27.3% — measured on the NEET/PEPE ratio, so it holds regardless of market direction.