Cash Cat (CASHCAT) is 528.5× the size of Schrodi (SCHRODI) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 37 shared trading days). CASHCAT has been the more volatile of the two, at 261% annualised against SCHRODI's 134%.
SCHRODICASHCAT
0.31over 37 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 | SCHRODI | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -66.4% | -69.6% |
| Risk-adjusted return (90d) | 0.27 | -0.03 |
Relative strength over 90 days: SCHRODI outperformed CASHCAT by 27.7% — measured on the SCHRODI/CASHCAT ratio, so it holds regardless of market direction.