Crodie (CRODIE) and Anonymous Cat (ZCAT) compared side by side. Over the past 30 days, CRODIE is ahead by 21.6 percentage points (CRODIE -22.6% against ZCAT -44.2%). Their daily returns move barely in opposite directions (correlation -0.08 across 26 shared trading days). ZCAT has been the more volatile of the two, at 294% annualised against CRODIE's 61%.
CRODIEZCAT
-0.08over 26 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 | CRODIE | ZCAT |
|---|---|---|
| Max drawdown (400d) | -24.9% | -66.4% |
| Risk-adjusted return (90d) | -0.37 | -0.19 |
Relative strength over 90 days: CRODIE outperformed ZCAT by 14.4% — measured on the CRODIE/ZCAT ratio, so it holds regardless of market direction.