ApeCoin (APE) is 126.2× the size of Voxies (VOXEL) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 105 shared trading days). VOXEL has been the more volatile of the two, at 176% annualised against APE's 117%.
VOXELAPE
0.60over 105 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 | VOXEL | APE |
|---|---|---|
| Max drawdown (400d) | -94.4% | -85.7% |
| Risk-adjusted return (90d) | -0.52 | -0.24 |
| Best 30 days (past year) | — | +113.9% |
| Worst 30 days (past year) | — | -47.6% |
Relative strength over 90 days: APE outperformed VOXEL by 72.5% — measured on the VOXEL/APE ratio, so it holds regardless of market direction.