catwifmask vs cat in a dogs world

cat in a dogs world (MEW) is 33.1× the size of catwifmask (MASK) by market capitalisation. Over the past 30 days, MASK is ahead by 5.7 percentage points (MASK +0.7% against MEW -4.9%). Their daily returns move barely together (correlation 0.15 across 34 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.15
Size ratio: 1 : 33.1
Ahead over 30 days: MASK

catwifmaskMASK

$0.001007

24h: +0.42%
Market cap: $1.01M
Volume 24h: $25,124
Volatility (ann.): 107%

cat in a dogs worldMEW

$0.000375

24h: -3.15%
Market cap: $33.32M
Volume 24h: $3.61M
Volatility (ann.): 99%

MASK 2.9%Share of the two combined market caps97.1% MEW

Performance

MASKMEW

7 days+1.39%-11.24%MASK
30 days+0.74%-4.93%MASK

Correlation

0.15over 34 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	MASK	MEW
Max drawdown (400d)	-24.9%	-24.8%
Risk-adjusted return (90d)	-0.15	-0.09

Relative strength over 90 days: MEW outperformed MASK by 9.5% — measured on the MASK/MEW ratio, so it holds regardless of market direction.

catwifmask →cat in a dogs world →