Pepe (PEPE) is 3805.7× the size of Skull of Pepe Token (SKOP) by market capitalisation. Over the past 1 year, PEPE is ahead by 41.2 percentage points (SKOP -52.4% against PEPE -11.2%). Their daily returns move barely together (correlation 0.05 across 373 shared trading days). SKOP has been the more volatile of the two, at 271% annualised against PEPE's 102%.
SKOPPEPE
0.05over 373 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 | SKOP | PEPE |
|---|---|---|
| Max drawdown (400d) | -92.4% | -77.2% |
| Risk-adjusted return (90d) | 0.30 | 0.71 |
| Best 30 days (past year) | +634.9% | +63.5% |
| Worst 30 days (past year) | -78.2% | -48.9% |
Relative strength over 90 days: PEPE outperformed SKOP by 30.1% — measured on the SKOP/PEPE ratio, so it holds regardless of market direction.