Penpie vs Stake DAO

Stake DAO (SDT) is 2.4× the size of Penpie (PNP) by market capitalisation. Over the past 30 days, PNP is ahead by 79.1 percentage points (PNP +71.5% against SDT -7.6%). Their daily returns move barely together (correlation 0.28 across 30 shared trading days). PNP has been the more volatile of the two, at 105% annualised against SDT's 68%.

Correlation: 0.28
Size ratio: 1 : 2.4
Ahead over 30 days: PNP

PenpiePNP

$0.277506

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

Stake DAOSDT

$0.096062

24h: +0.05%
Market cap: $6.59M
Volume 24h: $876
Volatility (ann.): 68%

PNP 29.6%Share of the two combined market caps70.4% SDT

Performance

PNPSDT

7 days+2.89%-3.29%PNP
30 days+71.54%-7.59%PNP

Correlation

0.28over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	SDT
Max drawdown (400d)	-9.0%	-21.4%
Risk-adjusted return (90d)	0.68	-0.14

Relative strength over 90 days: PNP outperformed SDT by 80.5% — measured on the PNP/SDT ratio, so it holds regardless of market direction.

Penpie →Stake DAO →