We Love Cats (WELOVECATS) and Purr (PURR) compared side by side. Over the past 30 days, PURR is ahead by 17.2 percentage points (WELOVECATS -18.4% against PURR -1.3%). Their daily returns move barely in opposite directions (correlation -0.22 across 20 shared trading days). PURR has been the more volatile of the two, at 223% annualised against WELOVECATS's 152%.
WELOVECATSPURR
-0.22over 20 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 | PURR |
|---|---|---|
| Max drawdown (400d) | -43.9% | -43.9% |
| Risk-adjusted return (90d) | -0.22 | 0.07 |
Relative strength over 90 days: WELOVECATS outperformed PURR by 10.0% — measured on the WELOVECATS/PURR ratio, so it holds regardless of market direction.