RichCoin (RIC) and Ultima (ULTIMA) compared side by side. Over the past 30 days, RIC is ahead by 19.5 percentage points (RIC -21.7% against ULTIMA -41.2%). Their daily returns move barely together (correlation 0.02 across 22 shared trading days). RIC has been the more volatile of the two, at 157% annualised against ULTIMA's 52%.
RICULTIMA
0.02over 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 | RIC | ULTIMA |
|---|---|---|
| Max drawdown (400d) | -28.2% | -51.6% |
| Risk-adjusted return (90d) | 0.01 | -0.96 |
Relative strength over 90 days: RIC outperformed ULTIMA by 9.9% — measured on the RIC/ULTIMA ratio, so it holds regardless of market direction.