UpSide Down Cat vs Anonymous Cat

Anonymous Cat (ZCAT) is 3743.4× the size of UpSide Down Cat (USDC) by market capitalisation. Over the past 30 days, ZCAT is ahead by 4.0 percentage points (USDC -47.4% against ZCAT -43.4%). Their daily returns move barely together (correlation 0.10 across 36 shared trading days). USDC has been the more volatile of the two, at 5947% annualised against ZCAT's 290%.

Correlation: 0.10
Size ratio: 1 : 3743.4
Ahead over 30 days: ZCAT

UpSide Down CatUSDC

$6.560e-6

24h: +3.27%
Market cap: $6,442
Volume 24h: $5
Volatility (ann.): 5947%

Anonymous CatZCAT

$0.024963

24h: -3.73%
Market cap: $24.11M
Volume 24h: $1.64M
Volatility (ann.): 290%

USDC 0.0%Share of the two combined market caps100.0% ZCAT

Performance

USDCZCAT

7 days-12.70%-47.53%USDC
30 days-47.36%-43.37%ZCAT

Correlation

0.10over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	USDC	ZCAT
Max drawdown (400d)	-95.8%	-67.3%
Risk-adjusted return (90d)	-0.01	-0.20

Relative strength over 90 days: ZCAT outperformed USDC by 26.3% — measured on the USDC/ZCAT ratio, so it holds regardless of market direction.

UpSide Down Cat →Anonymous Cat →