NeonNeko vs Popcat

Popcat (POPCAT) is 391.0× the size of NeonNeko (NEKO) by market capitalisation. Over the past 30 days, NEKO is ahead by 61.8 percentage points (NEKO +46.0% against POPCAT -15.8%). Their daily returns move barely in opposite directions (correlation -0.07 across 20 shared trading days). NEKO has been the more volatile of the two, at 309% annualised against POPCAT's 102%.

Correlation: -0.07
Size ratio: 1 : 391.0
Ahead over 30 days: NEKO

NeonNekoNEKO

$5.019e-5

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

PopcatPOPCAT

$0.040055

24h: -0.57%
Market cap: $39.24M
Volume 24h: $3.83M
Volatility (ann.): 102%

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

Performance

NEKOPOPCAT

7 days-14.66%-8.15%POPCAT
30 days+45.98%-15.77%NEKO

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	NEKO	POPCAT
Max drawdown (400d)	-33.5%	-35.5%
Risk-adjusted return (90d)	0.15	-0.13

Relative strength over 90 days: NEKO outperformed POPCAT by 66.4% — measured on the NEKO/POPCAT ratio, so it holds regardless of market direction.

NeonNeko →Popcat →