ARGUS EARN (ARGEN) and UBI (UBI) compared side by side. Over the past 30 days, UBI is ahead by 25.5 percentage points (ARGEN -92.3% against UBI -66.7%). Their daily returns move barely together (correlation 0.23 across 26 shared trading days). Both have run at a similar volatility, around 334% annualised.
ARGENUBI
0.23over 26 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 | ARGEN | UBI |
|---|---|---|
| Max drawdown (400d) | -92.3% | -81.0% |
| Risk-adjusted return (90d) | -0.27 | -0.24 |
Relative strength over 90 days: UBI outperformed ARGEN by 68.5% — measured on the ARGEN/UBI ratio, so it holds regardless of market direction.