OPENADS (OPENADS) and UBI (UBI) compared side by side. Over the past 30 days, OPENADS is ahead by 29.3 percentage points (OPENADS -41.3% against UBI -70.7%). Their daily returns move barely together (correlation 0.12 across 27 shared trading days). OPENADS has been the more volatile of the two, at 374% annualised against UBI's 324%.
OPENADSUBI
0.12over 27 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 | OPENADS | UBI |
|---|---|---|
| Max drawdown (400d) | -47.2% | -81.0% |
| Risk-adjusted return (90d) | -0.11 | -0.24 |
Relative strength over 90 days: OPENADS outperformed UBI by 175.2% — measured on the OPENADS/UBI ratio, so it holds regardless of market direction.