Pepe (PEPE) is 374631.9× the size of 燃烧人生 (Burning Life) (燃烧人生) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.51 across 24 shared trading days). PEPE has been the more volatile of the two, at 102% annualised against 燃烧人生's 71%.
燃烧人生PEPE
-0.51over 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 | 燃烧人生 | PEPE |
|---|---|---|
| Max drawdown (400d) | -24.2% | -77.2% |
| Risk-adjusted return (90d) | -0.31 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed 燃烧人生 by 29.2% — measured on the 燃烧人生/PEPE ratio, so it holds regardless of market direction.