McCat vs Popcat

Popcat (POPCAT) is 3465.4× the size of McCat (MCCAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 22.9 percentage points (MCCAT -38.7% against POPCAT -15.8%). Their daily returns move barely in opposite directions (correlation -0.07 across 20 shared trading days). MCCAT has been the more volatile of the two, at 300% annualised against POPCAT's 102%.

Correlation: -0.07
Size ratio: 1 : 3465.4
Ahead over 30 days: POPCAT

McCatMCCAT

$1.056e-5

24h: -8.42%
Market cap: $10,555
Volume 24h: $597
Volatility (ann.): 300%

PopcatPOPCAT

$0.037323

24h: -6.72%
Market cap: $36.58M
Volume 24h: $4.30M
Volatility (ann.): 102%

MCCAT 0.0%Share of the two combined market caps100.0% POPCAT

Performance

MCCATPOPCAT

7 days-27.30%-8.15%POPCAT
30 days-38.68%-15.77%POPCAT

Correlation

-0.07over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MCCAT	POPCAT
Max drawdown (400d)	-75.3%	-35.5%
Risk-adjusted return (90d)	-0.25	-0.13

Relative strength over 90 days: POPCAT outperformed MCCAT by 25.3% — measured on the MCCAT/POPCAT ratio, so it holds regardless of market direction.

McCat →Popcat →