Milk Money vs uTrade

uTrade (UTT) is 1.2× the size of Milk Money (MM) by market capitalisation. Over the past 30 days, UTT is ahead by 85.8 percentage points (MM -25.7% against UTT +60.2%). Their daily returns move barely in opposite directions (correlation -0.13 across 30 shared trading days). MM has been the more volatile of the two, at 981888% annualised against UTT's 158%.

Correlation: -0.13
Size ratio: 1 : 1.2
Ahead over 30 days: UTT

Milk MoneyMM

$0.001186

24h: +14.79%
Market cap: $1.19M
Volume 24h: $34,151
Volatility (ann.): 981888%

uTradeUTT

$0.308305

24h: +0.02%
Market cap: $1.36M
Volume 24h: $219,880
Volatility (ann.): 158%

MM 46.5%Share of the two combined market caps53.5% UTT

Performance

MMUTT

7 days-99.97%+31.69%UTT
30 days-25.66%+60.17%UTT

Correlation

-0.13over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	MM	UTT
Max drawdown (400d)	-100.0%	-16.5%
Risk-adjusted return (90d)	0.00	0.38

Relative strength over 90 days: MM outperformed UTT by 8.3% — measured on the MM/UTT ratio, so it holds regardless of market direction.

Milk Money →uTrade →