Ansem's Cat vs cat in a dogs world

cat in a dogs world (MEW) is 380.3× the size of Ansem's Cat (HOBBES) by market capitalisation. Over the past 30 days, MEW is ahead by 33.5 percentage points (HOBBES -39.4% against MEW -5.9%). Their daily returns move barely together (correlation 0.29 across 33 shared trading days). Both have run at a similar volatility, around 96% annualised.

Correlation: 0.29
Size ratio: 1 : 380.3
Ahead over 30 days: MEW

Ansem's CatHOBBES

$8.194e-5

24h: +5.17%
Market cap: $81,943
Volume 24h: $25,248
Volatility (ann.): 95%

cat in a dogs worldMEW

$0.000351

24h: -8.20%
Market cap: $31.16M
Volume 24h: $3.49M
Volatility (ann.): 98%

HOBBES 0.3%Share of the two combined market caps99.7% MEW

Performance

HOBBESMEW

7 days-4.73%-12.91%HOBBES
30 days-39.36%-5.88%MEW

Correlation

0.29over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	HOBBES	MEW
Max drawdown (400d)	-50.5%	-24.8%
Risk-adjusted return (90d)	-0.50	-0.09

Relative strength over 90 days: MEW outperformed HOBBES by 44.6% — measured on the HOBBES/MEW ratio, so it holds regardless of market direction.

Ansem's Cat →cat in a dogs world →