The Bull Cat vs Popcat

Popcat (POPCAT) is 3430.7× the size of The Bull Cat (BULLCAT) by market capitalisation. Over the past 30 days, POPCAT is ahead by 1.5 percentage points (BULLCAT -24.9% against POPCAT -23.5%). Their daily returns move barely together (correlation 0.02 across 21 shared trading days). BULLCAT has been the more volatile of the two, at 147% annualised against POPCAT's 104%.

Correlation: 0.02
Size ratio: 1 : 3430.7
Ahead over 30 days: POPCAT

The Bull CatBULLCAT

$1.077e-5

24h: -7.00%
Market cap: $10,763
Volume 24h: $103
Volatility (ann.): 147%

PopcatPOPCAT

$0.037665

24h: -6.18%
Market cap: $36.93M
Volume 24h: $5.08M
Volatility (ann.): 104%

BULLCAT 0.0%Share of the two combined market caps100.0% POPCAT

Performance

BULLCATPOPCAT

7 days-13.72%-7.69%POPCAT
30 days-24.93%-23.46%POPCAT

Correlation

0.02over 21 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	BULLCAT	POPCAT
Max drawdown (400d)	-36.9%	-39.5%
Risk-adjusted return (90d)	-0.21	-0.21

Relative strength over 90 days: BULLCAT outperformed POPCAT by 1.4% — measured on the BULLCAT/POPCAT ratio, so it holds regardless of market direction.

The Bull Cat →Popcat →