UBI (UBI) is 6.3× the size of ArcKit (AKIT) by market capitalisation. Over the past 30 days, UBI is ahead by 20.2 percentage points (AKIT -85.3% against UBI -65.1%). Their daily returns move barely together (correlation 0.09 across 43 shared trading days). AKIT has been the more volatile of the two, at 466% annualised against UBI's 324%.
AKITUBI
0.09over 43 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 | AKIT | UBI |
|---|---|---|
| Max drawdown (400d) | -92.1% | -81.0% |
| Risk-adjusted return (90d) | -0.20 | -0.23 |
Relative strength over 90 days: UBI outperformed AKIT by 67.9% — measured on the AKIT/UBI ratio, so it holds regardless of market direction.