Pepe (PEPE) is 2774.9× the size of Red Kitten Crew (RKC) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 40 shared trading days). RKC has been the more volatile of the two, at 220% annualised against PEPE's 102%.
RKCPEPE
0.17over 40 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 | RKC | PEPE |
|---|---|---|
| Max drawdown (400d) | -64.5% | -77.2% |
| Risk-adjusted return (90d) | -0.20 | 0.63 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed RKC by 60.6% — measured on the RKC/PEPE ratio, so it holds regardless of market direction.