NOAH DAO (NOAH) and UBI (UBI) compared side by side. Over the past 30 days, NOAH is ahead by 5.2 percentage points (NOAH -53.6% against UBI -58.8%). Their daily returns move loosely together (correlation 0.39 across 31 shared trading days). Both have run at a similar volatility, around 315% annualised.
NOAHUBI
0.39over 31 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 | NOAH | UBI |
|---|---|---|
| Max drawdown (400d) | -57.4% | -81.0% |
| Risk-adjusted return (90d) | -0.17 | -0.24 |
Relative strength over 90 days: NOAH outperformed UBI by 92.0% — measured on the NOAH/UBI ratio, so it holds regardless of market direction.