PeiPei Sol (PEIPEI) and 牛来 (Niu Lai) (牛来) compared side by side. Over the past 30 days, PEIPEI is ahead by 4.6 percentage points (PEIPEI -20.7% against 牛来 -25.3%). Their daily returns move barely together (correlation 0.16 across 29 shared trading days). 牛来 has been the more volatile of the two, at 196% annualised against PEIPEI's 51%.
PEIPEI牛来
0.16over 29 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 | PEIPEI | 牛来 |
|---|---|---|
| Max drawdown (400d) | -25.1% | -60.2% |
| Risk-adjusted return (90d) | -0.41 | -0.11 |
Relative strength over 90 days: PEIPEI outperformed 牛来 by 27.8% — measured on the PEIPEI/牛来 ratio, so it holds regardless of market direction.