Cash Cat (CASHCAT) is 524.4× the size of LongCat (LONGCAT) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 43.4 percentage points (LONGCAT -80.1% against CASHCAT -36.7%). Their daily returns move barely together (correlation 0.27 across 21 shared trading days). Both have run at a similar volatility, around 256% annualised.
LONGCATCASHCAT
0.27over 21 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 | LONGCAT | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -81.2% | -69.6% |
| Risk-adjusted return (90d) | -0.27 | -0.03 |
Relative strength over 90 days: CASHCAT outperformed LONGCAT by 33.2% — measured on the LONGCAT/CASHCAT ratio, so it holds regardless of market direction.