Polymarket Cat (POLYCAT) and Bordrless (BORDR) compared side by side. Over the past 30 days, POLYCAT is ahead by 8.5 percentage points (POLYCAT -90.3% against BORDR -98.7%). Their daily returns move barely together (correlation 0.26 across 30 shared trading days). BORDR has been the more volatile of the two, at 959% annualised against POLYCAT's 527%.
POLYCATBORDR
0.26over 30 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 | POLYCAT | BORDR |
|---|---|---|
| Max drawdown (400d) | -92.7% | -99.8% |
| Risk-adjusted return (90d) | -0.15 | -0.10 |
Relative strength over 90 days: POLYCAT outperformed BORDR by 305.4% — measured on the POLYCAT/BORDR ratio, so it holds regardless of market direction.