Simon's Cat vs cat in a dogs world

cat in a dogs world (MEW) is 2.6× the size of Simon's Cat (CAT) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 45 shared trading days). CAT has been the more volatile of the two, at 126% annualised against MEW's 99%.

Correlation: 0.20
Size ratio: 1 : 2.6

Simon's CatCAT

$1.720e-6

24h: -4.60%
Market cap: $12.93M
Volume 24h: $799,267
Volatility (ann.): 126%

cat in a dogs worldMEW

$0.000379

24h: -0.75%
Market cap: $33.71M
Volume 24h: $4.37M
Volatility (ann.): 99%

CAT 27.7%Share of the two combined market caps72.3% MEW

Performance

CATMEW

7 days-0.80%-11.24%CAT
30 days-17.32%-4.93%MEW
90 days+28.96%——

Correlation

0.20over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	CAT	MEW
Max drawdown (400d)	-36.9%	-24.8%
Risk-adjusted return (90d)	0.21	-0.09

Relative strength over 90 days: MEW outperformed CAT by 3.1% — measured on the CAT/MEW ratio, so it holds regardless of market direction.

Simon's Cat →cat in a dogs world →