Pieverse vs Grass

Grass (GRASS) is 1.3× the size of Pieverse (PIEVERSE) by market capitalisation. Over the past 30 days, GRASS is ahead by 77.3 percentage points (PIEVERSE +0.8% against GRASS +78.2%). Their daily returns move loosely together (correlation 0.49 across 57 shared trading days). GRASS has been the more volatile of the two, at 212% annualised against PIEVERSE's 144%.

Correlation: 0.49
Size ratio: 1 : 1.3
Ahead over 30 days: GRASS

PieversePIEVERSE

$1.1900

24h: +2.20%
Market cap: $326.13M
Volume 24h: $5.52M
Volatility (ann.): 144%

GrassGRASS

$0.572903

24h: +3.64%
Market cap: $413.61M
Volume 24h: $22.12M
Volatility (ann.): 212%

PIEVERSE 44.1%Share of the two combined market caps55.9% GRASS

Performance

PIEVERSEGRASS

7 days+14.98%-15.26%PIEVERSE
30 days+0.85%+78.19%GRASS

Correlation

0.49over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6490d: 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	PIEVERSE	GRASS
Max drawdown (400d)	-38.7%	-25.3%
Risk-adjusted return (90d)	0.28	0.36

Relative strength over 90 days: GRASS outperformed PIEVERSE by 24.4% — measured on the PIEVERSE/GRASS ratio, so it holds regardless of market direction.

Pieverse →Grass →