Cash Cat (CASHCAT) is 1872.5× the size of Ginnan Doge's Brother (GINNAN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.22 across 33 shared trading days). CASHCAT has been the more volatile of the two, at 263% annualised against GINNAN's 145%.
GINNANCASHCAT
-0.22over 33 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 | GINNAN | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -71.6% | -70.0% |
| Risk-adjusted return (90d) | 0.05 | -0.09 |
Relative strength over 90 days: GINNAN outperformed CASHCAT by 92.0% — measured on the GINNAN/CASHCAT ratio, so it holds regardless of market direction.