Pieverse (PIEVERSE) is 3840.2× the size of Soul Graph (GRPH) by market capitalisation. Their daily returns move closely together (correlation 0.61 across 36 shared trading days). Both have run at a similar volatility, around 138% annualised.
GRPHPIEVERSE
0.61over 36 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 | GRPH | PIEVERSE |
|---|---|---|
| Max drawdown (400d) | -95.6% | -38.7% |
| Risk-adjusted return (90d) | -0.26 | 0.28 |
Relative strength over 90 days: PIEVERSE outperformed GRPH by 21.7% — measured on the GRPH/PIEVERSE ratio, so it holds regardless of market direction.