币安人生 (BinanceLife) (币安人生) is 322.8× the size of PeiPei (PEIPEI) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 40 shared trading days). Both have run at a similar volatility, around 178% annualised.
PEIPEI币安人生
0.04over 40 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 | 币安人生 |
|---|---|---|
| Max drawdown (400d) | -62.1% | -84.5% |
| Risk-adjusted return (90d) | -0.34 | 0.02 |
Relative strength over 90 days: 币安人生 outperformed PEIPEI by 65.3% — measured on the PEIPEI/币安人生 ratio, so it holds regardless of market direction.