catwifhat vs cat in a dogs world

cat in a dogs world (MEW) is 2.2× the size of catwifhat ($CWIF) by market capitalisation. Over the past 30 days, MEW is ahead by 44.5 percentage points ($CWIF -49.5% against MEW -4.9%). Their daily returns move barely together (correlation 0.08 across 48 shared trading days). $CWIF has been the more volatile of the two, at 126% annualised against MEW's 99%.

Correlation: 0.08
Size ratio: 1 : 2.2
Ahead over 30 days: MEW

catwifhat$CWIF

$1.578e-8

24h: +0.21%
Market cap: $15.78M
Volume 24h: $653
Volatility (ann.): 126%

cat in a dogs worldMEW

$0.000388

24h: +1.49%
Market cap: $34.50M
Volume 24h: $3.96M
Volatility (ann.): 99%

$CWIF 31.4%Share of the two combined market caps68.6% MEW

Performance

$CWIFMEW

7 days-41.00%-11.24%MEW
30 days-49.47%-4.93%MEW

Correlation

0.08over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	$CWIF	MEW
Max drawdown (400d)	-49.5%	-24.8%
Risk-adjusted return (90d)	-0.39	-0.09

Relative strength over 90 days: MEW outperformed $CWIF by 44.2% — measured on the $CWIF/MEW ratio, so it holds regardless of market direction.

catwifhat →cat in a dogs world →