Cash Cat (CASHCAT) is 61.4× the size of Nya (NYA) by market capitalisation. Over the past 30 days, NYA is ahead by 31.7 percentage points (NYA -3.6% against CASHCAT -35.3%). Their daily returns move closely together (correlation 0.71 across 31 shared trading days). CASHCAT has been the more volatile of the two, at 264% annualised against NYA's 86%.
NYACASHCAT
0.71over 31 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 | NYA | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -21.8% | -69.6% |
| Risk-adjusted return (90d) | -0.04 | -0.02 |
Relative strength over 90 days: NYA outperformed CASHCAT by 111.2% — measured on the NYA/CASHCAT ratio, so it holds regardless of market direction.