Ansem's Cat vs Popcat

Popcat (POPCAT) is 446.4× the size of Ansem's Cat (HOBBES) by market capitalisation. Over the past 30 days, POPCAT is ahead by 23.6 percentage points (HOBBES -39.4% against POPCAT -15.8%). Their daily returns move loosely together (correlation 0.57 across 31 shared trading days). Both have run at a similar volatility, around 99% annualised.

Correlation: 0.57
Size ratio: 1 : 446.4
Ahead over 30 days: POPCAT

Ansem's CatHOBBES

$8.194e-5

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

PopcatPOPCAT

$0.037323

24h: -6.72%
Market cap: $36.58M
Volume 24h: $4.30M
Volatility (ann.): 102%

HOBBES 0.2%Share of the two combined market caps99.8% POPCAT

Performance

HOBBESPOPCAT

7 days-4.73%-8.15%HOBBES
30 days-39.36%-15.77%POPCAT

Correlation

0.57over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	POPCAT
Max drawdown (400d)	-50.5%	-35.5%
Risk-adjusted return (90d)	-0.50	-0.13

Relative strength over 90 days: POPCAT outperformed HOBBES by 31.8% — measured on the HOBBES/POPCAT ratio, so it holds regardless of market direction.

Ansem's Cat →Popcat →