Purr (PURR) is 5362.6× the size of Buff Cat (BUFFCAT) by market capitalisation. Over the past 30 days, PURR is ahead by 23.6 percentage points (BUFFCAT -34.8% against PURR -11.3%). Their daily returns move barely together (correlation 0.34 across 22 shared trading days). Both have run at a similar volatility, around 228% annualised.
BUFFCATPURR
0.34over 22 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 | BUFFCAT | PURR |
|---|---|---|
| Max drawdown (400d) | -55.5% | -43.9% |
| Risk-adjusted return (90d) | -0.24 | 0.01 |
Relative strength over 90 days: PURR outperformed BUFFCAT by 36.1% — measured on the BUFFCAT/PURR ratio, so it holds regardless of market direction.