Pepe (PEPE) is 12478.3× the size of roule token (ROUL) by market capitalisation. Their daily returns move barely together (correlation 0.26 across 172 shared trading days). ROUL has been the more volatile of the two, at 166% annualised against PEPE's 102%.
ROULPEPE
0.26over 172 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 | ROUL | PEPE |
|---|---|---|
| Max drawdown (400d) | -82.5% | -77.2% |
| Risk-adjusted return (90d) | -0.01 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed ROUL by 26.0% — measured on the ROUL/PEPE ratio, so it holds regardless of market direction.