ZCASH CAT (ZCASHCAT) and Bordrless (BORDR) compared side by side. Over the past 30 days, ZCASHCAT is ahead by 67.2 percentage points (ZCASHCAT -32.3% against BORDR -99.5%). Their daily returns move loosely together (correlation 0.47 across 23 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against ZCASHCAT's 112%.
ZCASHCATBORDR
0.47over 23 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 | ZCASHCAT | BORDR |
|---|---|---|
| Max drawdown (400d) | -46.9% | -99.8% |
| Risk-adjusted return (90d) | -0.29 | -0.10 |
Relative strength over 90 days: ZCASHCAT outperformed BORDR by 1546.5% — measured on the ZCASHCAT/BORDR ratio, so it holds regardless of market direction.