ApeCoin (APE) is 2124.2× the size of Versus-X (VSX) by market capitalisation. Over the past 1 year, APE is ahead by 20.3 percentage points (VSX -92.3% against APE -72.0%). Their daily returns move barely together (correlation 0.03 across 362 shared trading days). VSX has been the more volatile of the two, at 190% annualised against APE's 117%.
VSXAPE
0.03over 362 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 | VSX | APE |
|---|---|---|
| Max drawdown (400d) | -93.7% | -85.7% |
| Risk-adjusted return (90d) | -0.44 | -0.24 |
| Best 30 days (past year) | — | +113.9% |
| Worst 30 days (past year) | — | -47.6% |
Relative strength over 90 days: APE outperformed VSX by 90.0% — measured on the VSX/APE ratio, so it holds regardless of market direction.