ApeCoin (APE) is 29.5× the size of Pixels (PIXEL) by market capitalisation. Over the past 1 year, PIXEL is ahead by 2.4 percentage points (PIXEL -67.4% against APE -69.8%). Their daily returns move loosely together (correlation 0.36 across 399 shared trading days). PIXEL has been the more volatile of the two, at 141% annualised against APE's 117%.
PIXELAPE
0.36over 399 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 | PIXEL | APE |
|---|---|---|
| Max drawdown (400d) | -86.5% | -85.7% |
| Risk-adjusted return (90d) | 0.00 | -0.24 |
| Best 30 days (past year) | +166.8% | +113.9% |
| Worst 30 days (past year) | -49.7% | -47.6% |
Relative strength over 90 days: PIXEL outperformed APE by 22.5% — measured on the PIXEL/APE ratio, so it holds regardless of market direction.