LEO vs Popcat

Popcat (POPCAT) is 57.5× the size of LEO (LEO) by market capitalisation. Over the past 30 days, POPCAT is ahead by 11.4 percentage points (LEO -28.2% against POPCAT -16.8%). Their daily returns move loosely together (correlation 0.60 across 24 shared trading days). LEO has been the more volatile of the two, at 185% annualised against POPCAT's 103%.

Correlation: 0.60
Size ratio: 1 : 57.5
Ahead over 30 days: POPCAT

LEOLEO

$7.184e-5

24h: -8.58%
Market cap: $682,452
Volume 24h: $7,949
Volatility (ann.): 185%

PopcatPOPCAT

$0.040034

24h: +1.27%
Market cap: $39.23M
Volume 24h: $3.91M
Volatility (ann.): 103%

LEO 1.7%Share of the two combined market caps98.3% POPCAT

Performance

LEOPOPCAT

7 days-13.52%-8.88%POPCAT
30 days-28.19%-16.79%POPCAT

Correlation

0.60over 24 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	LEO	POPCAT
Max drawdown (400d)	-52.5%	-35.5%
Risk-adjusted return (90d)	-0.15	-0.13

Relative strength over 90 days: POPCAT outperformed LEO by 21.1% — measured on the LEO/POPCAT ratio, so it holds regardless of market direction.

LEO →Popcat →