Weird Medieval Memes vs Pieverse

Pieverse (PIEVERSE) is 8337.2× the size of Weird Medieval Memes (WMM) by market capitalisation. Over the past 30 days, PIEVERSE is ahead by 24.3 percentage points (WMM -23.5% against PIEVERSE +0.8%). Their daily returns move barely in opposite directions (correlation -0.05 across 23 shared trading days). PIEVERSE has been the more volatile of the two, at 144% annualised against WMM's 40%.

Correlation: -0.05
Size ratio: 1 : 8337.2
Ahead over 30 days: PIEVERSE

Weird Medieval MemesWMM

$4.132e-5

24h: +3.26%
Market cap: $41,308
Volume 24h: $24
Volatility (ann.): 40%

PieversePIEVERSE

$1.2500

24h: +6.14%
Market cap: $344.39M
Volume 24h: $14.82M
Volatility (ann.): 144%

WMM 0.0%Share of the two combined market caps100.0% PIEVERSE

Performance

WMMPIEVERSE

7 days-9.02%+14.98%PIEVERSE
30 days-23.45%+0.85%PIEVERSE

Correlation

-0.05over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	WMM	PIEVERSE
Max drawdown (400d)	-23.4%	-38.7%
Risk-adjusted return (90d)	-0.54	0.28

Relative strength over 90 days: PIEVERSE outperformed WMM by 9.5% — measured on the WMM/PIEVERSE ratio, so it holds regardless of market direction.

Weird Medieval Memes →Pieverse →