Purr (PURR) is 1.8× the size of Popcat (POPCAT) by market capitalisation. Over the past 30 days, PURR is ahead by 24.2 percentage points (PURR +8.4% against POPCAT -15.8%). Their daily returns move loosely together (correlation 0.35 across 54 shared trading days). PURR has been the more volatile of the two, at 222% annualised against POPCAT's 102%.
PURRPOPCAT
0.35over 54 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 | PURR | POPCAT |
|---|---|---|
| Max drawdown (400d) | -43.9% | -35.5% |
| Risk-adjusted return (90d) | 0.10 | -0.13 |
Relative strength over 90 days: PURR outperformed POPCAT by 50.4% — measured on the PURR/POPCAT ratio, so it holds regardless of market direction.