CatSolHat vs Popcat

Popcat (POPCAT) is 1279.0× the size of CatSolHat (SOLCAT) by market capitalisation. Over the past 30 days, SOLCAT is ahead by 1.1 percentage points (SOLCAT -22.3% against POPCAT -23.5%). Their daily returns move barely together (correlation 0.32 across 21 shared trading days). POPCAT has been the more volatile of the two, at 104% annualised against SOLCAT's 84%.

Correlation: 0.32
Size ratio: 1 : 1279.0
Ahead over 30 days: SOLCAT

CatSolHatSOLCAT

$0.000406

24h: -5.17%
Market cap: $28,415
Volume 24h: $12
Volatility (ann.): 84%

PopcatPOPCAT

$0.037078

24h: -7.29%
Market cap: $36.34M
Volume 24h: $4.87M
Volatility (ann.): 104%

SOLCAT 0.1%Share of the two combined market caps99.9% POPCAT

Performance

SOLCATPOPCAT

7 days-9.02%-7.69%POPCAT
30 days-22.35%-23.46%SOLCAT

Correlation

0.32over 21 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	SOLCAT	POPCAT
Max drawdown (400d)	-26.9%	-39.5%
Risk-adjusted return (90d)	-0.20	-0.21

Relative strength over 90 days: SOLCAT outperformed POPCAT by 20.8% — measured on the SOLCAT/POPCAT ratio, so it holds regardless of market direction.

CatSolHat →Popcat →