Penpie vs Equilibria Finance

Equilibria Finance (EQB) is 4.4× the size of Penpie (PNP) by market capitalisation. Over the past 30 days, PNP is ahead by 37.9 percentage points (PNP +71.5% against EQB +33.6%). Their daily returns move barely together (correlation 0.25 across 30 shared trading days). EQB has been the more volatile of the two, at 536% annualised against PNP's 105%.

Correlation: 0.25
Size ratio: 1 : 4.4
Ahead over 30 days: PNP

PenpiePNP

$0.277506

24h: —
Market cap: $2.78M
Volume 24h: —
Volatility (ann.): 105%

Equilibria FinanceEQB

$0.121540

24h: -0.26%
Market cap: $12.15M
Volume 24h: $423
Volatility (ann.): 536%

PNP 18.6%Share of the two combined market caps81.4% EQB

Performance

PNPEQB

7 days+2.89%+0.16%PNP
30 days+71.54%+33.63%PNP

Correlation

0.25over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	PNP	EQB
Max drawdown (400d)	-9.0%	-48.5%
Risk-adjusted return (90d)	0.68	0.69

Relative strength over 90 days: EQB outperformed PNP by 63.6% — measured on the PNP/EQB ratio, so it holds regardless of market direction.

Penpie →Equilibria Finance →