Popcat (POPCAT) is 37.8× the size of RETARDIO (RETARDIO) by market capitalisation. Over the past 30 days, RETARDIO is ahead by 7.3 percentage points (RETARDIO -9.5% against POPCAT -16.8%). Their daily returns move loosely together (correlation 0.51 across 24 shared trading days). Both have run at a similar volatility, around 103% annualised.
RETARDIOPOPCAT
0.51over 24 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 | RETARDIO | POPCAT |
|---|---|---|
| Max drawdown (400d) | -27.0% | -35.5% |
| Risk-adjusted return (90d) | -0.09 | -0.13 |
Relative strength over 90 days: POPCAT outperformed RETARDIO by 9.9% — measured on the RETARDIO/POPCAT ratio, so it holds regardless of market direction.