Anonymous Cat vs cat in a dogs world

cat in a dogs world (MEW) is 1.3× the size of Anonymous Cat (ZCAT) by market capitalisation. Over the past 30 days, MEW is ahead by 37.5 percentage points (ZCAT -43.4% against MEW -5.9%). Their daily returns move barely together (correlation 0.34 across 22 shared trading days). ZCAT has been the more volatile of the two, at 290% annualised against MEW's 98%.

Correlation: 0.34
Size ratio: 1 : 1.3
Ahead over 30 days: MEW

Anonymous CatZCAT

$0.026920

24h: +20.56%
Market cap: $26.00M
Volume 24h: $2.03M
Volatility (ann.): 290%

cat in a dogs worldMEW

$0.000386

24h: +4.01%
Market cap: $34.30M
Volume 24h: $3.79M
Volatility (ann.): 98%

ZCAT 43.1%Share of the two combined market caps56.9% MEW

Performance

ZCATMEW

7 days-47.53%-12.91%MEW
30 days-43.37%-5.88%MEW

Correlation

0.34over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ZCAT	MEW
Max drawdown (400d)	-67.3%	-24.8%
Risk-adjusted return (90d)	-0.20	-0.09

Relative strength over 90 days: MEW outperformed ZCAT by 44.4% — measured on the ZCAT/MEW ratio, so it holds regardless of market direction.

Anonymous Cat →cat in a dogs world →