Asteroid vs cat in a dogs world

cat in a dogs world (MEW) is 25.9× the size of Asteroid (ASTEROID) by market capitalisation. Over the past 30 days, MEW is ahead by 33.9 percentage points (ASTEROID -39.8% against MEW -5.9%). Their daily returns move loosely together (correlation 0.50 across 37 shared trading days). ASTEROID has been the more volatile of the two, at 175% annualised against MEW's 98%.

Correlation: 0.50
Size ratio: 1 : 25.9
Ahead over 30 days: MEW

AsteroidASTEROID

$0.001319

24h: +6.22%
Market cap: $1.32M
Volume 24h: $150,622
Volatility (ann.): 175%

cat in a dogs worldMEW

$0.000384

24h: +1.77%
Market cap: $34.13M
Volume 24h: $4.29M
Volatility (ann.): 98%

ASTEROID 3.7%Share of the two combined market caps96.3% MEW

Performance

ASTEROIDMEW

7 days+3.05%-12.91%ASTEROID
30 days-39.81%-5.88%MEW

Correlation

0.50over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	ASTEROID	MEW
Max drawdown (400d)	-60.4%	-24.8%
Risk-adjusted return (90d)	-0.32	-0.09

Relative strength over 90 days: MEW outperformed ASTEROID by 51.5% — measured on the ASTEROID/MEW ratio, so it holds regardless of market direction.

Asteroid →cat in a dogs world →