Cash Cat (CASHCAT) is 2599.7× the size of Meow Meow Coin (MEOW) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 25 shared trading days). Both have run at a similar volatility, around 260% annualised.
MEOWCASHCAT
-0.06over 25 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 | MEOW | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -82.8% | -70.0% |
| Risk-adjusted return (90d) | 0.02 | -0.09 |
Relative strength over 90 days: MEOW outperformed CASHCAT by 38.7% — measured on the MEOW/CASHCAT ratio, so it holds regardless of market direction.