Ink Cat vs Popcat

Popcat (POPCAT) is 714.7× the size of Ink Cat (ICAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 11.9 percentage points (ICAT -27.7% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.10 across 20 shared trading days). ICAT has been the more volatile of the two, at 194% annualised against POPCAT's 102%.

Correlation: 0.10
Size ratio: 1 : 714.7
Ahead over 30 days: POPCAT

Ink CatICAT

$5.501e-5

24h: -4.54%
Market cap: $55,006
Volume 24h: $716
Volatility (ann.): 194%

PopcatPOPCAT

$0.040117

24h: +0.19%
Market cap: $39.31M
Volume 24h: $3.83M
Volatility (ann.): 102%

ICAT 0.1%Share of the two combined market caps99.9% POPCAT

Performance

ICATPOPCAT

7 days-2.92%-8.15%ICAT
30 days-27.70%-15.77%POPCAT

Correlation

0.10over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ICAT	POPCAT
Max drawdown (400d)	-56.3%	-35.5%
Risk-adjusted return (90d)	-0.23	-0.13

Relative strength over 90 days: POPCAT outperformed ICAT by 16.9% — measured on the ICAT/POPCAT ratio, so it holds regardless of market direction.

Ink Cat →Popcat →