Pepe (PEPE) is 1363.3× the size of Wojak Coin (WOJAK) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.29 across 32 shared trading days). WOJAK has been the more volatile of the two, at 302% annualised against PEPE's 102%.
WOJAKPEPE
-0.29over 32 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 | WOJAK | PEPE |
|---|---|---|
| Max drawdown (400d) | -86.5% | -77.2% |
| Risk-adjusted return (90d) | -0.28 | 0.71 |
| Best 30 days (past year) | — | +63.5% |
| Worst 30 days (past year) | — | -48.9% |
Relative strength over 90 days: PEPE outperformed WOJAK by 89.3% — measured on the WOJAK/PEPE ratio, so it holds regardless of market direction.