nubcat (NUB) and Popcat (POPCAT) compared side by side. Over the past 30 days, POPCAT is ahead by 7.3 percentage points (NUB -23.0% against POPCAT -15.8%). Their daily returns move closely together (correlation 0.76 across 25 shared trading days). NUB has been the more volatile of the two, at 5282% annualised against POPCAT's 102%.
NUBPOPCAT
0.76over 25 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 | POPCAT |
|---|---|---|
| Max drawdown (400d) | -97.2% | -35.5% |
| Risk-adjusted return (90d) | 0.00 | -0.13 |
Relative strength over 90 days: POPCAT outperformed NUB by 24.5% — measured on the NUB/POPCAT ratio, so it holds regardless of market direction.