Unibase (UB) is 11.9× the size of CARV (CARV) by market capitalisation. Over the past 30 days, UB is ahead by 1.9 percentage points (CARV -13.8% against UB -11.9%). Their daily returns move loosely together (correlation 0.55 across 34 shared trading days). UB has been the more volatile of the two, at 101% annualised against CARV's 82%.
CARVUB
0.55over 34 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 | CARV | UB |
|---|---|---|
| Max drawdown (400d) | -31.4% | -31.0% |
| Risk-adjusted return (90d) | -0.05 | -0.09 |
Relative strength over 90 days: CARV outperformed UB by 22.1% — measured on the CARV/UB ratio, so it holds regardless of market direction.