Cash Cat (CASHCAT) is 27.6× the size of The Juggernaut (JUGGERNAUT) by market capitalisation. Their daily returns move barely together (correlation 0.32 across 45 shared trading days). JUGGERNAUT has been the more volatile of the two, at 878% annualised against CASHCAT's 264%.
JUGGERNAUTCASHCAT
0.32over 45 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 | JUGGERNAUT | CASHCAT |
|---|---|---|
| Max drawdown (400d) | -91.0% | -69.6% |
| Risk-adjusted return (90d) | -0.08 | -0.02 |
Relative strength over 90 days: JUGGERNAUT outperformed CASHCAT by 71.9% — measured on the JUGGERNAUT/CASHCAT ratio, so it holds regardless of market direction.