Brett (BRETT) is 2034.7× the size of BaseUnc (BASEUNC) by market capitalisation. Over the past 30 days, BRETT is ahead by 2.7 percentage points (BASEUNC -25.1% against BRETT -22.4%). Their daily returns move loosely together (correlation 0.36 across 21 shared trading days). Both have run at a similar volatility, around 100% annualised.
BASEUNCBRETT
0.36over 21 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 | BASEUNC | BRETT |
|---|---|---|
| Max drawdown (400d) | -36.0% | -36.6% |
| Risk-adjusted return (90d) | -0.28 | -0.14 |
Relative strength over 90 days: BASEUNC outperformed BRETT by 10.4% — measured on the BASEUNC/BRETT ratio, so it holds regardless of market direction.