Cash Cat (CASHCAT) is 1003.6× the size of Ape Cat (APECAT) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 6.2 percentage points (APECAT -72.7% against CASHCAT -66.5%). Their daily returns move barely together (correlation 0.07 across 28 shared trading days). Both have run at a similar volatility, around 243% annualised.
APECATCASHCAT
0.07over 28 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 | APECAT | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -85.1% | -79.8% |
| Risk-adjusted return (90d) | -0.37 | -0.19 |
Relative strength over 90 days: CASHCAT outperformed APECAT by 44.2% — measured on the APECAT/CASHCAT ratio, so it holds regardless of market direction.