UpSide Down Cat vs Popcat

Popcat (POPCAT) is 6043.4× the size of UpSide Down Cat (USDC) by market capitalisation. Over the past 30 days, POPCAT is ahead by 31.6 percentage points (USDC -47.4% against POPCAT -15.8%). Their daily returns move barely together (correlation 0.06 across 20 shared trading days). USDC has been the more volatile of the two, at 5947% annualised against POPCAT's 102%.

Correlation: 0.06
Size ratio: 1 : 6043.4
Ahead over 30 days: POPCAT

UpSide Down CatUSDC

$6.560e-6

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

PopcatPOPCAT

$0.039724

24h: +0.02%
Market cap: $38.93M
Volume 24h: $3.76M
Volatility (ann.): 102%

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

Performance

USDCPOPCAT

7 days-12.70%-8.15%POPCAT
30 days-47.36%-15.77%POPCAT

Correlation

0.06over 20 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	USDC	POPCAT
Max drawdown (400d)	-95.8%	-35.5%
Risk-adjusted return (90d)	-0.01	-0.13

Relative strength over 90 days: USDC outperformed POPCAT by 567.5% — measured on the USDC/POPCAT ratio, so it holds regardless of market direction.

UpSide Down Cat →Popcat →