What IF vs Cash Cat

Cash Cat (CASHCAT) is 347.5× the size of What IF (IF) by market capitalisation. Over the past 30 days, CASHCAT is ahead by 61.0 percentage points (IF -96.3% against CASHCAT -35.3%). Their daily returns move barely in opposite directions (correlation -0.19 across 33 shared trading days). IF has been the more volatile of the two, at 455% annualised against CASHCAT's 264%.

Correlation: -0.19
Size ratio: 1 : 347.5
Ahead over 30 days: CASHCAT

What IFIF

$0.000349

24h: +6.63%
Market cap: $310,612
Volume 24h: $3,718
Volatility (ann.): 455%

Cash CatCASHCAT

$0.109276

24h: +5.35%
Market cap: $107.94M
Volume 24h: $17.36M
Volatility (ann.): 264%

IF 0.3%Share of the two combined market caps99.7% CASHCAT

Performance

IFCASHCAT

7 days+25.34%+8.81%IF
30 days-96.31%-35.26%CASHCAT

Correlation

-0.19over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1990d: 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	IF	CASHCAT
Max drawdown (400d)	-98.3%	-69.6%
Risk-adjusted return (90d)	-0.21	-0.02

Relative strength over 90 days: CASHCAT outperformed IF by 91.0% — measured on the IF/CASHCAT ratio, so it holds regardless of market direction.

What IF →Cash Cat →