Popcat (POPCAT) is 57.1× the size of Ket (KET) by market capitalisation. Over the past 30 days, KET is ahead by 20.6 percentage points (KET +3.9% against POPCAT -16.8%). Their daily returns move closely together (correlation 0.82 across 32 shared trading days). KET has been the more volatile of the two, at 716% annualised against POPCAT's 103%.
KETPOPCAT
0.82over 32 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 | KET | POPCAT |
|---|---|---|
| Max drawdown (400d) | -72.6% | -35.5% |
| Risk-adjusted return (90d) | -0.01 | -0.13 |
Relative strength over 90 days: KET outperformed POPCAT by 18.0% — measured on the KET/POPCAT ratio, so it holds regardless of market direction.