PepeCoin (PEPECOIN) is 145.0× the size of Palio (PAL) by market capitalisation. Over the past 1 year, PAL is ahead by 9.3 percentage points (PAL -90.7% against PEPECOIN -100.0%). Their daily returns move barely together (correlation 0.06 across 373 shared trading days). PEPECOIN has been the more volatile of the two, at 170% annualised against PAL's 142%.
PALPEPECOIN
0.06over 373 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 | PAL | PEPECOIN |
|---|---|---|
| Max drawdown (400d) | -93.2% | -100.0% |
| Risk-adjusted return (90d) | -0.70 | -0.37 |
| Best 30 days (past year) | +80.8% | +199.3% |
| Worst 30 days (past year) | -53.2% | -100.0% |
Relative strength over 90 days: PAL outperformed PEPECOIN by 1851287.7% — measured on the PAL/PEPECOIN ratio, so it holds regardless of market direction.