Leveraged Cat vs Anonymous Cat

Anonymous Cat (ZCAT) is 136.1× the size of Leveraged Cat (LEVERCAT) by market capitalisation. Over the past 30 days, ZCAT is ahead by 19.1 percentage points (LEVERCAT -63.3% against ZCAT -44.2%). Their daily returns move loosely together (correlation 0.40 across 34 shared trading days). LEVERCAT has been the more volatile of the two, at 501% annualised against ZCAT's 294%.

Correlation: 0.40
Size ratio: 1 : 136.1
Ahead over 30 days: ZCAT

Leveraged CatLEVERCAT

$0.000178

24h: -9.32%
Market cap: $177,046
Volume 24h: $2,455
Volatility (ann.): 501%

Anonymous CatZCAT

$0.024950

24h: -1.06%
Market cap: $24.10M
Volume 24h: $2.43M
Volatility (ann.): 294%

LEVERCAT 0.7%Share of the two combined market caps99.3% ZCAT

Performance

LEVERCATZCAT

7 days-32.33%-47.18%LEVERCAT
30 days-63.30%-44.24%ZCAT

Correlation

0.40over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	LEVERCAT	ZCAT
Max drawdown (400d)	-81.1%	-66.4%
Risk-adjusted return (90d)	-0.16	-0.19

Relative strength over 90 days: ZCAT outperformed LEVERCAT by 62.5% — measured on the LEVERCAT/ZCAT ratio, so it holds regardless of market direction.

Leveraged Cat →Anonymous Cat →