Bitcoin.ℏ vs Ultima

Ultima (ULTIMA) is 101.1× the size of Bitcoin.ℏ (BTC.ℏ) by market capitalisation. Over the past 30 days, ULTIMA is ahead by 21.5 percentage points (BTC.ℏ -62.7% against ULTIMA -41.2%). Their daily returns move very closely together (correlation 0.88 across 23 shared trading days). BTC.ℏ has been the more volatile of the two, at 226% annualised against ULTIMA's 52%.

Correlation: 0.88
Size ratio: 1 : 101.1
Ahead over 30 days: ULTIMA

Bitcoin.ℏBTC.ℏ

$0.181474

24h: -1.54%
Market cap: $979,745
Volume 24h: $992
Volatility (ann.): 226%

UltimaULTIMA

$1,169.38

24h: +1.78%
Market cap: $99.06M
Volume 24h: $4.20M
Volatility (ann.): 52%

BTC.ℏ 1.0%Share of the two combined market caps99.0% ULTIMA

Performance

BTC.ℏULTIMA

7 days-65.11%-6.81%ULTIMA
30 days-62.73%-41.19%ULTIMA

Correlation

0.88over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	BTC.ℏ	ULTIMA
Max drawdown (400d)	-68.0%	-51.6%
Risk-adjusted return (90d)	-0.28	-0.96

Relative strength over 90 days: ULTIMA outperformed BTC.ℏ by 28.0% — measured on the BTC.ℏ/ULTIMA ratio, so it holds regardless of market direction.

Bitcoin.ℏ →Ultima →