Illusion of Life vs cat in a dogs world

cat in a dogs world (MEW) is 413.5× the size of Illusion of Life (SPARK) by market capitalisation. Over the past 30 days, MEW is ahead by 27.3 percentage points (SPARK -33.2% against MEW -5.9%). Their daily returns move closely together (correlation 0.60 across 33 shared trading days). SPARK has been the more volatile of the two, at 113% annualised against MEW's 98%.

Correlation: 0.60
Size ratio: 1 : 413.5
Ahead over 30 days: MEW

Illusion of LifeSPARK

$7.795e-5

24h: +4.04%
Market cap: $77,907
Volume 24h: $25,198
Volatility (ann.): 113%

cat in a dogs worldMEW

$0.000362

24h: -4.99%
Market cap: $32.21M
Volume 24h: $3.12M
Volatility (ann.): 98%

SPARK 0.2%Share of the two combined market caps99.8% MEW

Performance

SPARKMEW

7 days-11.84%-12.91%SPARK
30 days-33.21%-5.88%MEW

Correlation

0.60over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5890d: 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	SPARK	MEW
Max drawdown (400d)	-45.7%	-24.8%
Risk-adjusted return (90d)	-0.37	-0.09

Relative strength over 90 days: MEW outperformed SPARK by 38.4% — measured on the SPARK/MEW ratio, so it holds regardless of market direction.

Illusion of Life →cat in a dogs world →