PandaPump vs Brett

Brett (BRETT) is 302.5× the size of PandaPump (PPUMP) by market capitalisation. Their daily returns move barely together (correlation 0.29 across 29 shared trading days). BRETT has been the more volatile of the two, at 100% annualised against PPUMP's 81%.

Correlation: 0.29
Size ratio: 1 : 302.5

PandaPumpPPUMP

$7.701e-5

24h: —
Market cap: $139,572
Volume 24h: $32
Volatility (ann.): 81%

BrettBRETT

$0.004266

24h: +4.73%
Market cap: $42.22M
Volume 24h: $4.12M
Volatility (ann.): 100%

PPUMP 0.3%Share of the two combined market caps99.7% BRETT

Performance

PPUMPBRETT

7 days-4.17%-10.73%PPUMP
30 days+1.20%-11.07%PPUMP
90 days+36.91%——

Correlation

0.29over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	PPUMP	BRETT
Max drawdown (400d)	-54.0%	-31.9%
Risk-adjusted return (90d)	0.47	-0.04

Relative strength over 90 days: BRETT outperformed PPUMP by 13.3% — measured on the PPUMP/BRETT ratio, so it holds regardless of market direction.

PandaPump →Brett →