We Love Cats (WELOVECATS) and Anonymous Cat (ZCAT) compared side by side. Over the past 30 days, WELOVECATS is ahead by 25.8 percentage points (WELOVECATS -18.4% against ZCAT -44.2%). Their daily returns move barely together (correlation 0.03 across 34 shared trading days). ZCAT has been the more volatile of the two, at 294% annualised against WELOVECATS's 152%.
WELOVECATSZCAT
0.03over 34 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 | WELOVECATS | ZCAT |
|---|---|---|
| Max drawdown (400d) | -43.9% | -66.4% |
| Risk-adjusted return (90d) | -0.22 | -0.19 |
Relative strength over 90 days: WELOVECATS outperformed ZCAT by 16.8% — measured on the WELOVECATS/ZCAT ratio, so it holds regardless of market direction.