Anonymous Cat (XCAT) and Bordrless (BORDR) compared side by side. Over the past 30 days, XCAT is ahead by 94.3 percentage points (XCAT -4.5% against BORDR -98.7%). Their daily returns move barely in opposite directions (correlation -0.10 across 34 shared trading days). BORDR has been the more volatile of the two, at 959% annualised against XCAT's 582%.
XCATBORDR
-0.10over 34 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 | XCAT | BORDR |
|---|---|---|
| Max drawdown (400d) | -71.9% | -99.8% |
| Risk-adjusted return (90d) | -0.05 | -0.10 |
Relative strength over 90 days: XCAT outperformed BORDR by 2800.6% — measured on the XCAT/BORDR ratio, so it holds regardless of market direction.