Project DogCat DOGC vs cat in a dogs world

cat in a dogs world (MEW) is 250.6× the size of Project DogCat DOGC (DOGC) by market capitalisation. Over the past 30 days, MEW is ahead by 6.6 percentage points (DOGC -12.5% against MEW -5.9%). Their daily returns move barely together (correlation 0.05 across 25 shared trading days). MEW has been the more volatile of the two, at 98% annualised against DOGC's 63%.

Correlation: 0.05
Size ratio: 1 : 250.6
Ahead over 30 days: MEW

Project DogCat DOGCDOGC

$0.001352

24h: —
Market cap: $135,189
Volume 24h: $270
Volatility (ann.): 63%

cat in a dogs worldMEW

$0.000381

24h: +0.07%
Market cap: $33.88M
Volume 24h: $3.04M
Volatility (ann.): 98%

DOGC 0.4%Share of the two combined market caps99.6% MEW

Performance

DOGCMEW

7 days-1.34%-12.91%DOGC
30 days-12.46%-5.88%MEW

Correlation

0.05over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	DOGC	MEW
Max drawdown (400d)	-20.5%	-24.8%
Risk-adjusted return (90d)	0.55	-0.09

Relative strength over 90 days: MEW outperformed DOGC by 27.1% — measured on the DOGC/MEW ratio, so it holds regardless of market direction.

Project DogCat DOGC →cat in a dogs world →