Ultra Cat (ULTCAT) and CROCAT (CROCAT) compared side by side. Over the past 30 days, ULTCAT is ahead by 29.3 percentage points (ULTCAT -40.5% against CROCAT -69.8%). Their daily returns move barely in opposite directions (correlation -0.07 across 42 shared trading days). CROCAT has been the more volatile of the two, at 41154% annualised against ULTCAT's 590%.
ULTCATCROCAT
-0.07over 42 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 | ULTCAT | CROCAT |
|---|---|---|
| Max drawdown (400d) | -57.1% | -99.6% |
| Risk-adjusted return (90d) | 0.22 | 0.00 |
Relative strength over 90 days: CROCAT outperformed ULTCAT by 1.4% — measured on the ULTCAT/CROCAT ratio, so it holds regardless of market direction.