hehe vs cat in a dogs world

cat in a dogs world (MEW) is 47.5× the size of hehe (HEHE) by market capitalisation. Over the past 30 days, MEW is ahead by 6.7 percentage points (HEHE -11.6% against MEW -4.9%). Their daily returns move barely together (correlation 0.29 across 34 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: 0.29
Size ratio: 1 : 47.5
Ahead over 30 days: MEW

heheHEHE

$0.000859

24h: -1.87%
Market cap: $722,525
Volume 24h: $2,540
Volatility (ann.): 107%

cat in a dogs worldMEW

$0.000386

24h: +0.42%
Market cap: $34.29M
Volume 24h: $3.95M
Volatility (ann.): 99%

HEHE 2.1%Share of the two combined market caps97.9% MEW

Performance

HEHEMEW

7 days-10.07%-11.24%HEHE
30 days-11.59%-4.93%MEW

Correlation

0.29over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	HEHE	MEW
Max drawdown (400d)	-23.6%	-24.8%
Risk-adjusted return (90d)	-0.10	-0.09

Relative strength over 90 days: MEW outperformed HEHE by 3.8% — measured on the HEHE/MEW ratio, so it holds regardless of market direction.

hehe →cat in a dogs world →