MERRY CAT (MERRY CAT) and Achi (ACH) compared side by side. Their daily returns move loosely together (correlation 0.36 across 27 shared trading days). MERRY CAT has been the more volatile of the two, at 146% annualised against ACH's 81%.
MERRY CATACH
0.36over 27 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 | MERRY CAT | ACH |
|---|---|---|
| Max drawdown (400d) | -74.7% | -78.0% |
| Risk-adjusted return (90d) | -0.50 | 0.05 |
| Best 30 days (past year) | — | +62.8% |
| Worst 30 days (past year) | — | -41.8% |
Relative strength over 90 days: ACH outperformed MERRY CAT by 64.3% — measured on the MERRY CAT/ACH ratio, so it holds regardless of market direction.