Uniswap (UNI) is 18858.8× the size of ALKIMI (ALKIMI) by market capitalisation. Over the past 1 year, UNI is ahead by 149.3 percentage points (ALKIMI -99.0% against UNI +50.3%). Their daily returns move barely together (correlation 0.13 across 368 shared trading days). ALKIMI has been the more volatile of the two, at 195% annualised against UNI's 101%.
ALKIMIUNI
0.13over 368 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 | ALKIMI | UNI |
|---|---|---|
| Max drawdown (400d) | -99.1% | -74.4% |
| Risk-adjusted return (90d) | -0.16 | 0.83 |
| Best 30 days (past year) | +71.6% | +143.9% |
| Worst 30 days (past year) | -64.3% | -47.8% |
Relative strength over 90 days: UNI outperformed ALKIMI by 72.7% — measured on the ALKIMI/UNI ratio, so it holds regardless of market direction.