Pepe the King Prawn vs Ape and Pepe

Ape and Pepe (APEPE) is 7567.0× the size of Pepe the King Prawn (PRAWN) by market capitalisation. Over the past 30 days, APEPE is ahead by 20.1 percentage points (PRAWN -25.7% against APEPE -5.6%). Their daily returns move barely together (correlation 0.18 across 24 shared trading days). APEPE has been the more volatile of the two, at 92% annualised against PRAWN's 58%.

Correlation: 0.18
Size ratio: 1 : 7567.0
Ahead over 30 days: APEPE

Pepe the King PrawnPRAWN

$3.263e-5

24h: +0.61%
Market cap: $32,629
Volume 24h: $242
Volatility (ann.): 58%

Ape and PepeAPEPE

$1.180e-6

24h: -0.75%
Market cap: $246.90M
Volume 24h: $17.98M
Volatility (ann.): 92%

PRAWN 0.0%Share of the two combined market caps100.0% APEPE

Performance

PRAWNAPEPE

7 days-12.40%-7.81%APEPE
30 days-25.71%-5.60%APEPE

Correlation

0.18over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	PRAWN	APEPE
Max drawdown (400d)	-28.7%	-24.0%
Risk-adjusted return (90d)	-0.39	0.31

Relative strength over 90 days: APEPE outperformed PRAWN by 15.0% — measured on the PRAWN/APEPE ratio, so it holds regardless of market direction.

Pepe the King Prawn →Ape and Pepe →