Pepe (PEPE) is 64137.0× the size of Sun Tzu (TZU) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 47 shared trading days). TZU has been the more volatile of the two, at 176% annualised against PEPE's 102%.
TZUPEPE
0.62over 47 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 | TZU | PEPE |
|---|---|---|
| Max drawdown (400d) | -63.2% | -77.2% |
| Risk-adjusted return (90d) | -0.27 | 0.65 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: TZU outperformed PEPE by 7.4% — measured on the TZU/PEPE ratio, so it holds regardless of market direction.