Crypto Asset Governance Alliance vs Uniswap

Uniswap (UNI) is 3300.1× the size of Crypto Asset Governance Alliance (CAGA) by market capitalisation. Over the past 1 year, UNI is ahead by 62.2 percentage points (CAGA -23.3% against UNI +38.9%). Their daily returns move barely in opposite directions (correlation -0.03 across 373 shared trading days). UNI has been the more volatile of the two, at 101% annualised against CAGA's 30%.

Correlation: -0.03
Size ratio: 1 : 3300.1
Ahead over 1 year: UNI

Crypto Asset Governance AllianceCAGA

$2.099e-5

24h: -0.03%
Market cap: $1.34M
Volume 24h: $622
Volatility (ann.): 30%

UniswapUNI

$7.3210

24h: -0.90%
Market cap: $4.43B
Volume 24h: $535.74M
Volatility (ann.): 101%

CAGA 0.0%Share of the two combined market caps100.0% UNI

Performance

CAGAUNI

7 days-0.14%+1.91%UNI
30 days+1.20%-20.51%CAGA
90 days-16.44%+78.40%UNI
1 year-23.28%+38.90%UNI

Correlation

-0.03over 373 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: -0.081y: -0.03

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	CAGA	UNI
Max drawdown (400d)	-27.0%	-74.4%
Risk-adjusted return (90d)	-0.54	0.73
Best 30 days (past year)	+9.4%	+143.9%
Worst 30 days (past year)	-19.6%	-47.8%

Relative strength over 90 days: UNI outperformed CAGA by 59.2% — measured on the CAGA/UNI ratio, so it holds regardless of market direction.

Crypto Asset Governance Alliance →Uniswap →