Cash Cat (CASHCAT) is 4518.2× the size of Brett's cat (BALT) by market capitalisation. Their daily returns move loosely together (correlation 0.41 across 27 shared trading days). CASHCAT has been the more volatile of the two, at 263% annualised against BALT's 86%.
BALTCASHCAT
0.41over 27 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 | BALT | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -71.4% | -70.0% |
| Risk-adjusted return (90d) | -0.26 | -0.09 |
Relative strength over 90 days: CASHCAT outperformed BALT by 10.4% — measured on the BALT/CASHCAT ratio, so it holds regardless of market direction.