Spawn vs peaq

peaq (PEAQ) is 1723.0× the size of Spawn (SPAWN) by market capitalisation. Over the past 30 days, SPAWN is ahead by 1348.1 percentage points (SPAWN +1369.6% against PEAQ +21.5%). Their daily returns move loosely together (correlation 0.36 across 22 shared trading days). SPAWN has been the more volatile of the two, at 16877% annualised against PEAQ's 160%.

Correlation: 0.36
Size ratio: 1 : 1723.0
Ahead over 30 days: SPAWN

SpawnSPAWN

$4.658e-5

24h: —
Market cap: $46,575
Volume 24h: $7
Volatility (ann.): 16877%

peaqPEAQ

$0.030281

24h: -6.56%
Market cap: $80.25M
Volume 24h: $3.96M
Volatility (ann.): 160%

SPAWN 0.1%Share of the two combined market caps99.9% PEAQ

Performance

SPAWNPEAQ

7 days+8.89%-6.62%SPAWN
30 days+1369.63%+21.49%SPAWN

Correlation

0.36over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	SPAWN	PEAQ
Max drawdown (400d)	-97.1%	-33.1%
Risk-adjusted return (90d)	0.00	0.44

Relative strength over 90 days: PEAQ outperformed SPAWN by 7.8% — measured on the SPAWN/PEAQ ratio, so it holds regardless of market direction.

Spawn →peaq →