Popcat (POPCAT) is 748.8× the size of Ginnan Doge's Brother (GINNAN) by market capitalisation. Their daily returns move barely together (correlation 0.06 across 32 shared trading days). GINNAN has been the more volatile of the two, at 145% annualised against POPCAT's 104%.
GINNANPOPCAT
0.06over 32 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 | POPCAT |
|---|---|---|
| Max drawdown (400d) | -71.6% | -39.5% |
| Risk-adjusted return (90d) | 0.05 | -0.21 |
Relative strength over 90 days: GINNAN outperformed POPCAT by 69.1% — measured on the GINNAN/POPCAT ratio, so it holds regardless of market direction.