catwifhat ($CWIF) is 631.5× the size of Bobuki Neko (BOBUKI) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 29 shared trading days). Both have run at a similar volatility, around 139% annualised.
BOBUKI$CWIF
0.62over 29 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 | BOBUKI | $CWIF |
|---|---|---|
| Max drawdown (400d) | -73.1% | -51.0% |
| Risk-adjusted return (90d) | 0.16 | -0.38 |
Relative strength over 90 days: BOBUKI outperformed $CWIF by 26.8% — measured on the BOBUKI/$CWIF ratio, so it holds regardless of market direction.