Raydium Cat vs Popcat

Popcat (POPCAT) is 124.3× the size of Raydium Cat (RAYCAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 58.8 percentage points (RAYCAT -75.6% against POPCAT -16.8%). Their daily returns move barely together (correlation 0.17 across 26 shared trading days). RAYCAT has been the more volatile of the two, at 888% annualised against POPCAT's 103%.

Correlation: 0.17
Size ratio: 1 : 124.3
Ahead over 30 days: POPCAT

Raydium CatRAYCAT

$0.000328

24h: -1.00%
Market cap: $315,776
Volume 24h: $10,214
Volatility (ann.): 888%

PopcatPOPCAT

$0.040069

24h: +3.03%
Market cap: $39.27M
Volume 24h: $3.63M
Volatility (ann.): 103%

RAYCAT 0.8%Share of the two combined market caps99.2% POPCAT

Performance

RAYCATPOPCAT

7 days-31.86%-8.88%POPCAT
30 days-75.60%-16.79%POPCAT

Correlation

0.17over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	RAYCAT	POPCAT
Max drawdown (400d)	-97.2%	-35.5%
Risk-adjusted return (90d)	-0.09	-0.13

Relative strength over 90 days: POPCAT outperformed RAYCAT by 76.6% — measured on the RAYCAT/POPCAT ratio, so it holds regardless of market direction.

Raydium Cat →Popcat →