Happy Cat vs BUILDon

BUILDon (B) is 407.6× the size of Happy Cat (HAPPY) by market capitalisation. Over the past 30 days, HAPPY is ahead by 12.6 percentage points (HAPPY -26.1% against B -38.7%). Their daily returns move barely together (correlation 0.28 across 28 shared trading days). B has been the more volatile of the two, at 136% annualised against HAPPY's 94%.

Correlation: 0.28
Size ratio: 1 : 407.6
Ahead over 30 days: HAPPY

Happy CatHAPPY

$9.863e-5

24h: +3.84%
Market cap: $328,770
Volume 24h: $31,428
Volatility (ann.): 94%

BUILDonB

$0.134000

24h: +4.51%
Market cap: $134.00M
Volume 24h: $4.31M
Volatility (ann.): 136%

HAPPY 0.2%Share of the two combined market caps99.8% B

Performance

HAPPYB

7 days-15.01%+0.16%B
30 days-26.06%-38.68%HAPPY

Correlation

0.28over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	HAPPY	B
Max drawdown (400d)	-41.4%	-50.5%
Risk-adjusted return (90d)	-0.35	-0.08

Relative strength over 90 days: B outperformed HAPPY by 32.1% — measured on the HAPPY/B ratio, so it holds regardless of market direction.

Happy Cat →BUILDon →