peaq (PEAQ) is 567.3× the size of VitaNova (SHOW) by market capitalisation. Over the past 30 days, PEAQ is ahead by 58.8 percentage points (SHOW -27.4% against PEAQ +31.5%). Their daily returns move barely together (correlation 0.20 across 20 shared trading days). Both have run at a similar volatility, around 155% annualised.
SHOWPEAQ
0.20over 20 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 | SHOW | PEAQ |
|---|---|---|
| Max drawdown (400d) | -38.6% | -33.1% |
| Risk-adjusted return (90d) | -0.11 | 0.54 |
Relative strength over 90 days: SHOW outperformed PEAQ by 12.3% — measured on the SHOW/PEAQ ratio, so it holds regardless of market direction.