Manyu vs cat in a dogs world

cat in a dogs world (MEW) is 10.3× the size of Manyu (MANYU) by market capitalisation. Over the past 30 days, MEW is ahead by 63.6 percentage points (MANYU -68.5% against MEW -4.9%). Their daily returns move loosely in opposite directions (correlation -0.39 across 26 shared trading days). MANYU has been the more volatile of the two, at 213% annualised against MEW's 99%.

Correlation: -0.39
Size ratio: 1 : 10.3
Ahead over 30 days: MEW

ManyuMANYU

$3.238e-9

24h: +1.67%
Market cap: $3.24M
Volume 24h: $573,124
Volatility (ann.): 213%

cat in a dogs worldMEW

$0.000375

24h: -2.36%
Market cap: $33.33M
Volume 24h: $3.60M
Volatility (ann.): 99%

MANYU 8.9%Share of the two combined market caps91.1% MEW

Performance

MANYUMEW

7 days+0.22%-11.24%MANYU
30 days-68.49%-4.93%MEW

Correlation

-0.39over 26 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	MANYU	MEW
Max drawdown (400d)	-68.6%	-24.8%
Risk-adjusted return (90d)	-0.32	-0.09

Relative strength over 90 days: MEW outperformed MANYU by 65.6% — measured on the MANYU/MEW ratio, so it holds regardless of market direction.

Manyu →cat in a dogs world →