Dancing Kittens vs cat in a dogs world

cat in a dogs world (MEW) is 6240.0× the size of Dancing Kittens (KITTENS) by market capitalisation. Over the past 30 days, MEW is ahead by 13.1 percentage points (KITTENS -19.0% against MEW -5.9%). Their daily returns move barely together (correlation 0.11 across 23 shared trading days). KITTENS has been the more volatile of the two, at 136% annualised against MEW's 98%.

Correlation: 0.11
Size ratio: 1 : 6240.0
Ahead over 30 days: MEW

Dancing KittensKITTENS

$5.280e-6

24h: —
Market cap: $4,994
Volume 24h: —
Volatility (ann.): 136%

cat in a dogs worldMEW

$0.000351

24h: -8.20%
Market cap: $31.16M
Volume 24h: $3.49M
Volatility (ann.): 98%

KITTENS 0.0%Share of the two combined market caps100.0% MEW

Performance

KITTENSMEW

7 days-11.65%-12.91%KITTENS
30 days-19.01%-5.88%MEW

Correlation

0.11over 23 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	KITTENS	MEW
Max drawdown (400d)	-24.3%	-24.8%
Risk-adjusted return (90d)	-0.14	-0.09

Relative strength over 90 days: MEW outperformed KITTENS by 18.3% — measured on the KITTENS/MEW ratio, so it holds regardless of market direction.

Dancing Kittens →cat in a dogs world →