catwifhat ($CWIF) is 22.9× the size of Crecoin (CREC) by market capitalisation. Over the past 30 days, CREC is ahead by 22.9 percentage points (CREC -26.6% against $CWIF -49.5%). Their daily returns move loosely together (correlation 0.38 across 36 shared trading days). Both have run at a similar volatility, around 130% annualised.
CREC$CWIF
0.38over 36 shared trading days
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.
| Metric | CREC | $CWIF |
|---|---|---|
| Max drawdown (400d) | -43.5% | -49.5% |
| Risk-adjusted return (90d) | -0.25 | -0.39 |
Relative strength over 90 days: CREC outperformed $CWIF by 31.4% — measured on the CREC/$CWIF ratio, so it holds regardless of market direction.