peaq (PEAQ) is 4495.8× the size of One Path (OP) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 23 shared trading days). PEAQ has been the more volatile of the two, at 160% annualised against OP's 132%.
OPPEAQ
0.63over 23 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 | OP | PEAQ |
|---|---|---|
| Max drawdown (400d) | -80.4% | -33.1% |
| Risk-adjusted return (90d) | -0.32 | 0.44 |
Relative strength over 90 days: PEAQ outperformed OP by 52.0% — measured on the OP/PEAQ ratio, so it holds regardless of market direction.