peaq (PEAQ) is 20.5× the size of Rice AI (RICE) by market capitalisation. Over the past 30 days, PEAQ is ahead by 35.9 percentage points (RICE -15.2% against PEAQ +20.7%). Their daily returns move barely together (correlation 0.00 across 35 shared trading days). Both have run at a similar volatility, around 164% annualised.
RICEPEAQ
0.00over 35 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 | RICE | PEAQ |
|---|---|---|
| Max drawdown (400d) | -42.7% | -33.1% |
| Risk-adjusted return (90d) | 0.06 | 0.44 |
Relative strength over 90 days: PEAQ outperformed RICE by 11.8% — measured on the RICE/PEAQ ratio, so it holds regardless of market direction.