UBI (UBI) is 7.9× the size of ACAT (ACAT) by market capitalisation. Over the past 30 days, ACAT is ahead by 0.8 percentage points (ACAT -64.3% against UBI -65.1%). Their daily returns move barely together (correlation 0.03 across 42 shared trading days). ACAT has been the more volatile of the two, at 431% annualised against UBI's 324%.
ACATUBI
0.03over 42 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 | ACAT | UBI |
|---|---|---|
| Max drawdown (400d) | -77.7% | -81.0% |
| Risk-adjusted return (90d) | -0.17 | -0.23 |
Relative strength over 90 days: ACAT outperformed UBI by 15.5% — measured on the ACAT/UBI ratio, so it holds regardless of market direction.