PepeCoin (PEPECOIN) is 641.0× the size of Wizardia (WZRD) by market capitalisation. Over the past 1 year, WZRD is ahead by 28.0 percentage points (WZRD -72.0% against PEPECOIN -100.0%). Their daily returns move barely together (correlation 0.06 across 372 shared trading days). WZRD has been the more volatile of the two, at 289% annualised against PEPECOIN's 170%.
WZRDPEPECOIN
0.06over 372 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 | WZRD | PEPECOIN |
|---|---|---|
| Max drawdown (400d) | -96.5% | -100.0% |
| Risk-adjusted return (90d) | -0.18 | -0.37 |
| Best 30 days (past year) | +473.2% | +199.3% |
| Worst 30 days (past year) | -96.0% | -100.0% |
Relative strength over 90 days: WZRD outperformed PEPECOIN by 179584.7% — measured on the WZRD/PEPECOIN ratio, so it holds regardless of market direction.