Pepe (PEPE) is 35613.3× the size of Pepemon Pepeballs (PPBLZ) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 67 shared trading days). PPBLZ has been the more volatile of the two, at 165% annualised against PEPE's 102%.
PPBLZPEPE
0.66over 67 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 | PPBLZ | PEPE |
|---|---|---|
| Max drawdown (400d) | -85.0% | -77.2% |
| Risk-adjusted return (90d) | -0.46 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed PPBLZ by 45.6% — measured on the PPBLZ/PEPE ratio, so it holds regardless of market direction.