Kite (KITE) is 11481.2× the size of MrCashClaw (CASHCLAW) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 59 shared trading days). CASHCLAW has been the more volatile of the two, at 289% annualised against KITE's 121%.
CASHCLAWKITE
0.10over 59 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 | CASHCLAW | KITE |
|---|---|---|
| Max drawdown (400d) | -83.2% | -69.5% |
| Risk-adjusted return (90d) | -0.19 | 0.13 |
| Best 30 days (past year) | — | +151.2% |
| Worst 30 days (past year) | — | -55.6% |
Relative strength over 90 days: KITE outperformed CASHCLAW by 15.9% — measured on the CASHCLAW/KITE ratio, so it holds regardless of market direction.