Pajamas Cat vs Popcat

Popcat (POPCAT) is 248.5× the size of Pajamas Cat (PAJAMAS) by market capitalisation. Over the past 30 days, PAJAMAS is ahead by 29.5 percentage points (PAJAMAS +13.7% against POPCAT -15.8%). Their daily returns move barely in opposite directions (correlation -0.13 across 20 shared trading days). Both have run at a similar volatility, around 105% annualised.

Correlation: -0.13
Size ratio: 1 : 248.5
Ahead over 30 days: PAJAMAS

Pajamas CatPAJAMAS

$0.000161

24h: -2.05%
Market cap: $157,511
Volume 24h: $1,500
Volatility (ann.): 108%

PopcatPOPCAT

$0.039934

24h: -0.40%
Market cap: $39.13M
Volume 24h: $3.81M
Volatility (ann.): 102%

PAJAMAS 0.4%Share of the two combined market caps99.6% POPCAT

Performance

PAJAMASPOPCAT

7 days+38.03%-8.15%PAJAMAS
30 days+13.73%-15.77%PAJAMAS

Correlation

-0.13over 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	PAJAMAS	POPCAT
Max drawdown (400d)	-22.0%	-35.5%
Risk-adjusted return (90d)	0.19	-0.13

Relative strength over 90 days: PAJAMAS outperformed POPCAT by 53.6% — measured on the PAJAMAS/POPCAT ratio, so it holds regardless of market direction.

Pajamas Cat →Popcat →