Strategic Bitcoin Reserve vs Cash Cat

Cash Cat (CASHCAT) is 1910.0× the size of Strategic Bitcoin Reserve (SBR) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 8.5 percentage points (SBR -45.2% against CASHCAT -36.7%). Their daily returns move barely in opposite directions (correlation -0.33 across 23 shared trading days). SBR has been the more volatile of the two, at 329% annualised against CASHCAT's 261%.

Correlation: -0.33
Size ratio: 1 : 1910.0
Ahead over 30 days: CASHCAT

Strategic Bitcoin ReserveSBR

$4.726e-5

24h: +23.60%
Market cap: $47,255
Volume 24h: $1,140
Volatility (ann.): 329%

Cash CatCASHCAT

$0.091386

24h: -16.73%
Market cap: $90.26M
Volume 24h: $13.83M
Volatility (ann.): 261%

SBR 0.1%Share of the two combined market caps99.9% CASHCAT

Performance

SBRCASHCAT

7 days+14.90%+3.53%SBR
30 days-45.19%-36.68%CASHCAT

Correlation

-0.33over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SBR	CASHCAT
Max drawdown (400d)	-71.1%	-69.6%
Risk-adjusted return (90d)	-0.19	-0.03

Relative strength over 90 days: CASHCAT outperformed SBR by 36.4% — measured on the SBR/CASHCAT ratio, so it holds regardless of market direction.

Strategic Bitcoin Reserve →Cash Cat →