Joromy Alloiru (JOROMY) and UBI (UBI) compared side by side. Their daily returns move barely in opposite directions (correlation -0.08 across 22 shared trading days). UBI has been the more volatile of the two, at 324% annualised against JOROMY's 37%.
JOROMYUBI
-0.08over 22 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 | JOROMY | UBI |
|---|---|---|
| Max drawdown (400d) | -16.4% | -81.0% |
| Risk-adjusted return (90d) | -0.37 | -0.23 |
Relative strength over 90 days: JOROMY outperformed UBI by 192.1% — measured on the JOROMY/UBI ratio, so it holds regardless of market direction.