Unibase (UB) is 13.6× the size of Codatta (XNY) by market capitalisation. Over the past 30 days, XNY is ahead by 1.9 percentage points (XNY -15.0% against UB -16.8%). Their daily returns move loosely together (correlation 0.43 across 33 shared trading days). Both have run at a similar volatility, around 106% annualised.
XNYUB
0.43over 33 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 | XNY | UB |
|---|---|---|
| Max drawdown (400d) | -25.2% | -31.0% |
| Risk-adjusted return (90d) | -0.16 | -0.05 |
Relative strength over 90 days: UB outperformed XNY by 0.4% — measured on the XNY/UB ratio, so it holds regardless of market direction.