The Black Dragon vs Quantus Cat
The Black Dragon (ILLIA) and Quantus Cat (QCAT) compared side by side. QCAT has been the more volatile of the two, at 772% annualised against ILLIA's 249%.
The Black Dragon (ILLIA) and Quantus Cat (QCAT) compared side by side. QCAT has been the more volatile of the two, at 772% annualised against ILLIA's 249%.
ILLIAQCAT
| Metric | ILLIA | QCAT |
|---|---|---|
| Max drawdown (400d) | -58.6% | -91.8% |
| Risk-adjusted return (90d) | -0.23 | -0.09 |
Relative strength over 90 days: ILLIA outperformed QCAT by 138.1% — measured on the ILLIA/QCAT ratio, so it holds regardless of market direction.