NOMO (NOMO) and Quantus Cat (QCAT) compared side by side. Over the past 30 days, QCAT is ahead by 26.1 percentage points (NOMO -99.3% against QCAT -73.2%). Their daily returns move barely in opposite directions (correlation -0.03 across 33 shared trading days). NOMO has been the more volatile of the two, at 4712% annualised against QCAT's 803%.
NOMOQCAT
-0.03over 33 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 | NOMO | QCAT |
|---|---|---|
| Max drawdown (400d) | -99.5% | -92.3% |
| Risk-adjusted return (90d) | -0.02 | -0.08 |
Relative strength over 90 days: QCAT outperformed NOMO by 97.8% — measured on the NOMO/QCAT ratio, so it holds regardless of market direction.