Pepe (PEPE) is 56791.9× the size of Tickle (TICKLE) by market capitalisation. Their daily returns move closely together (correlation 0.68 across 89 shared trading days). TICKLE has been the more volatile of the two, at 126% annualised against PEPE's 102%.
TICKLEPEPE
0.68over 89 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 | TICKLE | PEPE |
|---|---|---|
| Max drawdown (400d) | -69.8% | -77.2% |
| Risk-adjusted return (90d) | -0.39 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: TICKLE outperformed PEPE by 19.7% — measured on the TICKLE/PEPE ratio, so it holds regardless of market direction.