cat in a dogs world (MEW) is 695.1× the size of Lolcat (LOLCAT) by market capitalisation. Their daily returns move closely together (correlation 0.72 across 23 shared trading days). LOLCAT has been the more volatile of the two, at 180% annualised against MEW's 98%.
LOLCATMEW
0.72over 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 | LOLCAT | MEW |
|---|---|---|
| Max drawdown (400d) | -98.1% | -24.8% |
| Risk-adjusted return (90d) | -0.39 | -0.09 |
Relative strength over 90 days: MEW outperformed LOLCAT by 97.4% — measured on the LOLCAT/MEW ratio, so it holds regardless of market direction.