PerpsHood vs Degen

Degen (DEGEN) is 304.3× the size of PerpsHood (PERPSHOOD) by market capitalisation. Over the past 30 days, DEGEN is ahead by 76.7 percentage points (PERPSHOOD -94.5% against DEGEN -17.8%). Their daily returns move barely together (correlation 0.11 across 34 shared trading days). PERPSHOOD has been the more volatile of the two, at 2471% annualised against DEGEN's 78%.

Correlation: 0.11
Size ratio: 1 : 304.3
Ahead over 30 days: DEGEN

PerpsHoodPERPSHOOD

$0.000103

24h: -37.76%
Market cap: $101,655
Volume 24h: $8,178
Volatility (ann.): 2471%

DegenDEGEN

$0.000861

24h: -0.57%
Market cap: $30.94M
Volume 24h: $2.93M
Volatility (ann.): 78%

PERPSHOOD 0.3%Share of the two combined market caps99.7% DEGEN

Performance

PERPSHOODDEGEN

7 days-38.00%-7.09%DEGEN
30 days-94.48%-17.76%DEGEN

Correlation

0.11over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	PERPSHOOD	DEGEN
Max drawdown (400d)	-97.4%	-26.2%
Risk-adjusted return (90d)	-0.03	-0.22

Relative strength over 90 days: DEGEN outperformed PERPSHOOD by 59.0% — measured on the PERPSHOOD/DEGEN ratio, so it holds regardless of market direction.

PerpsHood →Degen →