Cash Cat (CASHCAT) is 304.2× the size of SANTAHOOD (SANTACOIN) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 10.2 percentage points (SANTACOIN -45.5% against CASHCAT -35.3%). Their daily returns move barely together (correlation 0.13 across 22 shared trading days). Both have run at a similar volatility, around 250% annualised.
SANTACOINCASHCAT
0.13over 22 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 | SANTACOIN | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -57.2% | -69.6% |
| Risk-adjusted return (90d) | -0.16 | -0.02 |
Relative strength over 90 days: SANTACOIN outperformed CASHCAT by 5.4% — measured on the SANTACOIN/CASHCAT ratio, so it holds regardless of market direction.