michi vs cat in a dogs world

cat in a dogs world (MEW) is 16.3× the size of michi (MICHI) by market capitalisation. Over the past 30 days, MEW is ahead by 8.7 percentage points (MICHI -13.7% against MEW -4.9%). Their daily returns move barely in opposite directions (correlation -0.00 across 27 shared trading days). MICHI has been the more volatile of the two, at 150% annualised against MEW's 99%.

Correlation: -0.00
Size ratio: 1 : 16.3
Ahead over 30 days: MEW

michiMICHI

$0.002042

24h: -1.10%
Market cap: $2.04M
Volume 24h: $28,931
Volatility (ann.): 150%

cat in a dogs worldMEW

$0.000374

24h: -2.55%
Market cap: $33.26M
Volume 24h: $3.39M
Volatility (ann.): 99%

MICHI 5.8%Share of the two combined market caps94.2% MEW

Performance

MICHIMEW

7 days-12.53%-11.24%MEW
30 days-13.68%-4.93%MEW

Correlation

-0.00over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	MICHI	MEW
Max drawdown (400d)	-28.1%	-24.8%
Risk-adjusted return (90d)	-0.09	-0.09

Relative strength over 90 days: MEW outperformed MICHI by 20.3% — measured on the MICHI/MEW ratio, so it holds regardless of market direction.

michi →cat in a dogs world →