Purr (PURR) is 104.6× the size of LEO (LEO) by market capitalisation. Over the past 30 days, PURR is ahead by 26.9 percentage points (LEO -28.2% against PURR -1.3%). Their daily returns move loosely together (correlation 0.40 across 23 shared trading days). PURR has been the more volatile of the two, at 223% annualised against LEO's 185%.
LEOPURR
0.40over 23 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 | LEO | PURR |
|---|---|---|
| Max drawdown (400d) | -52.5% | -43.9% |
| Risk-adjusted return (90d) | -0.15 | 0.07 |
Relative strength over 90 days: PURR outperformed LEO by 32.7% — measured on the LEO/PURR ratio, so it holds regardless of market direction.