Cash Cat (CASHCAT) is 385.0× the size of Kaspy (KASPY) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 35 shared trading days). CASHCAT has been the more volatile of the two, at 264% annualised against KASPY's 137%.
KASPYCASHCAT
0.01over 35 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 | KASPY | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -92.1% | -69.6% |
| Risk-adjusted return (90d) | -0.28 | -0.02 |
Relative strength over 90 days: CASHCAT outperformed KASPY by 49.9% — measured on the KASPY/CASHCAT ratio, so it holds regardless of market direction.