NeonNeko vs cat in a dogs world

cat in a dogs world (MEW) is 337.8× the size of NeonNeko (NEKO) by market capitalisation. Over the past 30 days, NEKO is ahead by 51.9 percentage points (NEKO +46.0% against MEW -5.9%). Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). NEKO has been the more volatile of the two, at 309% annualised against MEW's 98%.

Correlation: -0.04
Size ratio: 1 : 337.8
Ahead over 30 days: NEKO

NeonNekoNEKO

$5.019e-5

24h: +0.75%
Market cap: $100,371
Volume 24h: $43
Volatility (ann.): 309%

cat in a dogs worldMEW

$0.000382

24h: -0.17%
Market cap: $33.91M
Volume 24h: $3.10M
Volatility (ann.): 98%

NEKO 0.3%Share of the two combined market caps99.7% MEW

Performance

NEKOMEW

7 days-14.66%-12.91%MEW
30 days+45.98%-5.88%NEKO

Correlation

-0.04over 22 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	NEKO	MEW
Max drawdown (400d)	-33.5%	-24.8%
Risk-adjusted return (90d)	0.15	-0.09

Relative strength over 90 days: NEKO outperformed MEW by 49.0% — measured on the NEKO/MEW ratio, so it holds regardless of market direction.

NeonNeko →cat in a dogs world →