CatWifHat vs Popcat

Popcat (POPCAT) is 607.0× the size of CatWifHat (CATWIF) by market capitalisation. Over the past 30 days, CATWIF is ahead by 64.4 percentage points (CATWIF +48.6% against POPCAT -15.8%). Their daily returns move barely in opposite directions (correlation -0.08 across 20 shared trading days). CATWIF has been the more volatile of the two, at 487% annualised against POPCAT's 102%.

Correlation: -0.08
Size ratio: 1 : 607.0
Ahead over 30 days: CATWIF

CatWifHatCATWIF

$6.656e-5

24h: +0.95%
Market cap: $59,867
Volume 24h: $3
Volatility (ann.): 487%

PopcatPOPCAT

$0.037079

24h: -10.02%
Market cap: $36.34M
Volume 24h: $3.68M
Volatility (ann.): 102%

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

Performance

CATWIFPOPCAT

7 days-8.38%-8.15%POPCAT
30 days+48.65%-15.77%CATWIF

Correlation

-0.08over 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	CATWIF	POPCAT
Max drawdown (400d)	-53.0%	-35.5%
Risk-adjusted return (90d)	0.08	-0.13

Relative strength over 90 days: CATWIF outperformed POPCAT by 93.3% — measured on the CATWIF/POPCAT ratio, so it holds regardless of market direction.

CatWifHat →Popcat →