PepeCoin on Solana vs Ape and Pepe

Ape and Pepe (APEPE) is 425.3× the size of PepeCoin on Solana (PEPE) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 23 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.17
Size ratio: 1 : 425.3

PepeCoin on SolanaPEPE

$5.950e-6

24h: +0.07%
Market cap: $595,002
Volume 24h: $8
Volatility (ann.): 101%

Ape and PepeAPEPE

$1.200e-6

24h: -0.31%
Market cap: $253.03M
Volume 24h: $11.80M
Volatility (ann.): 92%

PEPE 0.2%Share of the two combined market caps99.8% APEPE

Performance

PEPEAPEPE

7 days-24.15%-0.83%APEPE
30 days+18.96%-9.09%PEPE
90 days+7.24%——

Correlation

0.17over 23 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	PEPE	APEPE
Max drawdown (400d)	-76.7%	-24.0%
Risk-adjusted return (90d)	0.08	0.33

Relative strength over 90 days: APEPE outperformed PEPE by 8.8% — measured on the PEPE/APEPE ratio, so it holds regardless of market direction.

PepeCoin on Solana →Ape and Pepe →