Brett (BRETT) is 462.3× the size of PepeBull (BEEF) by market capitalisation. Their daily returns move closely together (correlation 0.65 across 42 shared trading days). BEEF has been the more volatile of the two, at 310% annualised against BRETT's 100%.
BEEFBRETT
0.65over 42 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 | BEEF | BRETT |
|---|---|---|
| Max drawdown (400d) | -76.0% | -31.9% |
| Risk-adjusted return (90d) | -0.38 | -0.04 |
Relative strength over 90 days: BRETT outperformed BEEF by 4.0% — measured on the BEEF/BRETT ratio, so it holds regardless of market direction.