Pepe (PEPE) is 192660.8× the size of Son of Brett (BRATT) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 99 shared trading days). BRATT has been the more volatile of the two, at 120% annualised against PEPE's 102%.
BRATTPEPE
0.72over 99 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 | BRATT | PEPE |
|---|---|---|
| Max drawdown (400d) | -75.3% | -77.2% |
| Risk-adjusted return (90d) | -0.49 | 0.65 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed BRATT by 44.9% — measured on the BRATT/PEPE ratio, so it holds regardless of market direction.