ApeCoin (APE) is 57689.8× the size of TridentDAO (PSI) by market capitalisation. Over the past 1 year, APE is ahead by 9.4 percentage points (PSI -76.4% against APE -67.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 369 shared trading days). PSI has been the more volatile of the two, at 232% annualised against APE's 117%.
PSIAPE
-0.07over 369 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 | PSI | APE |
|---|---|---|
| Max drawdown (400d) | -96.9% | -85.7% |
| Risk-adjusted return (90d) | -0.34 | -0.19 |
| Best 30 days (past year) | +233.2% | +113.9% |
| Worst 30 days (past year) | -95.6% | -47.6% |
Relative strength over 90 days: APE outperformed PSI by 93.5% — measured on the PSI/APE ratio, so it holds regardless of market direction.