Credible Finance vs Ultima

Ultima (ULTIMA) is 6.1× the size of Credible Finance (CRED) by market capitalisation. Over the past 30 days, CRED is ahead by 80.4 percentage points (CRED +39.2% against ULTIMA -41.2%). Their daily returns move barely together (correlation 0.01 across 33 shared trading days). CRED has been the more volatile of the two, at 149% annualised against ULTIMA's 52%.

Correlation: 0.01
Size ratio: 1 : 6.1
Ahead over 30 days: CRED

Credible FinanceCRED

$0.710045

24h: +1.77%
Market cap: $16.09M
Volume 24h: $28,433
Volatility (ann.): 149%

UltimaULTIMA

$1,167.77

24h: +1.32%
Market cap: $98.94M
Volume 24h: $5.55M
Volatility (ann.): 52%

CRED 14.0%Share of the two combined market caps86.0% ULTIMA

Performance

CREDULTIMA

7 days-1.80%-6.81%CRED
30 days+39.17%-41.19%CRED

Correlation

0.01over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: 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	CRED	ULTIMA
Max drawdown (400d)	-33.7%	-51.6%
Risk-adjusted return (90d)	0.10	-0.96

Relative strength over 90 days: CRED outperformed ULTIMA by 127.0% — measured on the CRED/ULTIMA ratio, so it holds regardless of market direction.

Credible Finance →Ultima →