Crude Cat (CRUDECAT) and Purr (PURR) compared side by side. Over the past 30 days, PURR is ahead by 96.8 percentage points (CRUDECAT -98.1% against PURR -1.3%). Their daily returns move loosely together (correlation 0.49 across 30 shared trading days). CRUDECAT has been the more volatile of the two, at 640% annualised against PURR's 223%.
CRUDECATPURR
0.49over 30 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 | CRUDECAT | PURR |
|---|---|---|
| Max drawdown (400d) | -98.8% | -43.9% |
| Risk-adjusted return (90d) | -0.15 | 0.07 |
Relative strength over 90 days: PURR outperformed CRUDECAT by 96.7% — measured on the CRUDECAT/PURR ratio, so it holds regardless of market direction.