Cat vs Popcat

Popcat (POPCAT) is 483.1× the size of Cat (CAT) by market capitalisation. Over the past 30 days, CAT is ahead by 1.9 percentage points (CAT -13.9% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.16 across 20 shared trading days). POPCAT has been the more volatile of the two, at 102% annualised against CAT's 43%.

Correlation: 0.16
Size ratio: 1 : 483.1
Ahead over 30 days: CAT

CatCAT

$2.094e-10

24h: +4.07%
Market cap: $80,124
Volume 24h: $145
Volatility (ann.): 43%

PopcatPOPCAT

$0.039501

24h: -0.51%
Market cap: $38.71M
Volume 24h: $3.75M
Volatility (ann.): 102%

CAT 0.2%Share of the two combined market caps99.8% POPCAT

Performance

CATPOPCAT

7 days-4.79%-8.15%CAT
30 days-13.90%-15.77%CAT

Correlation

0.16over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	CAT	POPCAT
Max drawdown (400d)	-17.4%	-35.5%
Risk-adjusted return (90d)	-0.30	-0.13

Relative strength over 90 days: CAT outperformed POPCAT by 11.7% — measured on the CAT/POPCAT ratio, so it holds regardless of market direction.

Cat →Popcat →