Buy The Cat (BTC) and Cash Cat (CASHCAT) compared side by side. Over the past 30 days, CASHCAT is ahead by 20.0 percentage points (BTC -55.2% against CASHCAT -35.3%). Their daily returns move barely in opposite directions (correlation -0.30 across 22 shared trading days). BTC has been the more volatile of the two, at 123614% annualised against CASHCAT's 264%.
BTCCASHCAT
-0.30over 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 | BTC | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -99.9% | -69.6% |
| Risk-adjusted return (90d) | 0.00 | -0.02 |
Relative strength over 90 days: CASHCAT outperformed BTC by 18.6% — measured on the BTC/CASHCAT ratio, so it holds regardless of market direction.