Purr (PURR) is 229.5× the size of MEOW (MEOW) by market capitalisation. Over the past 30 days, PURR is ahead by 57.6 percentage points (MEOW -49.2% against PURR +8.4%). Their daily returns move loosely together (correlation 0.50 across 25 shared trading days). PURR has been the more volatile of the two, at 222% annualised against MEOW's 105%.
MEOWPURR
0.50over 25 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 | MEOW | PURR |
|---|---|---|
| Max drawdown (400d) | -52.2% | -43.9% |
| Risk-adjusted return (90d) | -0.50 | 0.10 |
Relative strength over 90 days: PURR outperformed MEOW by 53.7% — measured on the MEOW/PURR ratio, so it holds regardless of market direction.