Pieverse (PIEVERSE) is 820.9× the size of WhiteBridge Network (WBAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 44 shared trading days). WBAI has been the more volatile of the two, at 224% annualised against PIEVERSE's 145%.
WBAIPIEVERSE
-0.04over 44 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 | WBAI | PIEVERSE |
|---|---|---|
| Max drawdown (400d) | -98.5% | -38.7% |
| Risk-adjusted return (90d) | -0.13 | 0.25 |
Relative strength over 90 days: PIEVERSE outperformed WBAI by 64.3% — measured on the WBAI/PIEVERSE ratio, so it holds regardless of market direction.