Pudgy Penguins (PENGU) is 3961.7× the size of Only Possible On Solana (OPOS) by market capitalisation. Their daily returns move barely together (correlation 0.09 across 190 shared trading days). OPOS has been the more volatile of the two, at 971958% annualised against PENGU's 104%.
$0.145112
OPOSPENGU
0.09over 190 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 | OPOS | PENGU |
|---|---|---|
| Max drawdown (400d) | -100.0% | -82.4% |
| Risk-adjusted return (90d) | 0.44 | 0.21 |
| Best 30 days (past year) | — | +74.9% |
| Worst 30 days (past year) | — | -55.1% |
Relative strength over 90 days: OPOS outperformed PENGU by 510859.0% — measured on the OPOS/PENGU ratio, so it holds regardless of market direction.