Brett (BRETT) is 2159.0× the size of Pineapple Cat (PICA) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 24 shared trading days). PICA has been the more volatile of the two, at 196% annualised against BRETT's 103%.
PICABRETT
0.31over 24 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 | PICA | BRETT |
|---|---|---|
| Max drawdown (400d) | -87.5% | -36.6% |
| Risk-adjusted return (90d) | -0.10 | -0.14 |
Relative strength over 90 days: PICA outperformed BRETT by 28.5% — measured on the PICA/BRETT ratio, so it holds regardless of market direction.