Onigiri vs Popcat

Popcat (POPCAT) is 644.9× the size of Onigiri (ONI) by market capitalisation. Over the past 30 days, POPCAT is ahead by 2.6 percentage points (ONI -18.3% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.24 across 20 shared trading days). POPCAT has been the more volatile of the two, at 102% annualised against ONI's 42%.

Correlation: 0.24
Size ratio: 1 : 644.9
Ahead over 30 days: POPCAT

OnigiriONI

$1.348e-7

24h: +7.17%
Market cap: $56,715
Volume 24h: $14
Volatility (ann.): 42%

PopcatPOPCAT

$0.037323

24h: -6.72%
Market cap: $36.58M
Volume 24h: $4.30M
Volatility (ann.): 102%

ONI 0.2%Share of the two combined market caps99.8% POPCAT

Performance

ONIPOPCAT

7 days-7.59%-8.15%ONI
30 days-18.34%-15.77%POPCAT

Correlation

0.24over 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	ONI	POPCAT
Max drawdown (400d)	-25.0%	-35.5%
Risk-adjusted return (90d)	-0.57	-0.13

Relative strength over 90 days: ONI outperformed POPCAT by 10.4% — measured on the ONI/POPCAT ratio, so it holds regardless of market direction.

Onigiri →Popcat →