Open Campus (EDU) is 41.1× the size of UDAO (UDAO) by market capitalisation. Over the past 1 year, UDAO is ahead by 38.0 percentage points (EDU -67.3% against UDAO -29.3%). Their daily returns move barely together (correlation 0.18 across 363 shared trading days). EDU has been the more volatile of the two, at 126% annualised against UDAO's 37%.
EDUUDAO
0.18over 363 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 | EDU | UDAO |
|---|---|---|
| Max drawdown (400d) | -87.8% | -47.9% |
| Risk-adjusted return (90d) | 0.66 | 0.42 |
| Best 30 days (past year) | +70.0% | — |
| Worst 30 days (past year) | -55.0% | — |
Relative strength over 90 days: EDU outperformed UDAO by 41.0% — measured on the EDU/UDAO ratio, so it holds regardless of market direction.