catwifhat ($CWIF) is 368.3× the size of Lolcat (LOLCAT) by market capitalisation. Their daily returns move very closely together (correlation 0.92 across 22 shared trading days). LOLCAT has been the more volatile of the two, at 180% annualised against $CWIF's 131%.
LOLCAT$CWIF
0.92over 22 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 | $CWIF |
|---|---|---|
| Max drawdown (400d) | -98.1% | -49.5% |
| Risk-adjusted return (90d) | -0.39 | -0.33 |
Relative strength over 90 days: $CWIF outperformed LOLCAT by 95.9% — measured on the LOLCAT/$CWIF ratio, so it holds regardless of market direction.