Brett (BRETT) is 1401.6× the size of Andy Alter Ego (BADCAT) by market capitalisation. Their daily returns move loosely together (correlation 0.58 across 27 shared trading days). BADCAT has been the more volatile of the two, at 140% annualised against BRETT's 103%.
BADCATBRETT
0.58over 27 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 | BADCAT | BRETT |
|---|---|---|
| Max drawdown (400d) | -67.7% | -36.6% |
| Risk-adjusted return (90d) | -0.42 | -0.14 |
Relative strength over 90 days: BADCAT outperformed BRETT by 14.7% — measured on the BADCAT/BRETT ratio, so it holds regardless of market direction.