Pepe (PEPE) is 139127.5× the size of WAGMICOIN (WAGMI) by market capitalisation. Their daily returns move closely together (correlation 0.64 across 47 shared trading days). WAGMI has been the more volatile of the two, at 191% annualised against PEPE's 102%.
WAGMIPEPE
0.64over 47 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 | WAGMI | PEPE |
|---|---|---|
| Max drawdown (400d) | -74.1% | -77.2% |
| Risk-adjusted return (90d) | -0.31 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed WAGMI by 11.2% — measured on the WAGMI/PEPE ratio, so it holds regardless of market direction.