nubcat (NUB) and cat in a dogs world (MEW) compared side by side. Over the past 30 days, MEW is ahead by 17.2 percentage points (NUB -23.0% against MEW -5.9%). Their daily returns move closely together (correlation 0.77 across 27 shared trading days). NUB has been the more volatile of the two, at 5282% annualised against MEW's 98%.
NUBMEW
0.77over 27 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 | NUB | MEW |
|---|---|---|
| Max drawdown (400d) | -97.2% | -24.8% |
| Risk-adjusted return (90d) | 0.00 | -0.09 |
Relative strength over 90 days: MEW outperformed NUB by 33.4% — measured on the NUB/MEW ratio, so it holds regardless of market direction.