FrogFiesta (RIBBIT) and Quantus Cat (QCAT) compared side by side. Over the past 30 days, RIBBIT is ahead by 7.9 percentage points (RIBBIT -73.2% against QCAT -81.2%). Their daily returns move barely together (correlation 0.07 across 20 shared trading days). QCAT has been the more volatile of the two, at 772% annualised against RIBBIT's 449%.
RIBBITQCAT
0.07over 20 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 | RIBBIT | QCAT |
|---|---|---|
| Max drawdown (400d) | -75.0% | -91.8% |
| Risk-adjusted return (90d) | -0.16 | -0.09 |
Relative strength over 90 days: RIBBIT outperformed QCAT by 105.4% — measured on the RIBBIT/QCAT ratio, so it holds regardless of market direction.