Ethereum Cat vs Anonymous Cat

Anonymous Cat (ZCAT) is 1127.7× the size of Ethereum Cat (GIO) by market capitalisation. Over the past 30 days, ZCAT is ahead by 26.9 percentage points (GIO -70.3% against ZCAT -43.4%). Their daily returns move barely in opposite directions (correlation -0.24 across 29 shared trading days). ZCAT has been the more volatile of the two, at 290% annualised against GIO's 165%.

Correlation: -0.24
Size ratio: 1 : 1127.7
Ahead over 30 days: ZCAT

Ethereum CatGIO

$2.138e-5

24h: +9.48%
Market cap: $21,382
Volume 24h: $19
Volatility (ann.): 165%

Anonymous CatZCAT

$0.024963

24h: -3.73%
Market cap: $24.11M
Volume 24h: $1.64M
Volatility (ann.): 290%

GIO 0.1%Share of the two combined market caps99.9% ZCAT

Performance

GIOZCAT

7 days-6.72%-47.53%GIO
30 days-70.32%-43.37%ZCAT

Correlation

-0.24over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	GIO	ZCAT
Max drawdown (400d)	-70.9%	-67.3%
Risk-adjusted return (90d)	-0.43	-0.20

Relative strength over 90 days: ZCAT outperformed GIO by 46.0% — measured on the GIO/ZCAT ratio, so it holds regardless of market direction.

Ethereum Cat →Anonymous Cat →