Uniswap (UNI) is 30639.5× the size of Sentre (SNTR) by market capitalisation. Over the past 1 year, UNI is ahead by 148.8 percentage points (SNTR -98.5% against UNI +50.3%). Their daily returns move barely together (correlation 0.10 across 362 shared trading days). SNTR has been the more volatile of the two, at 190% annualised against UNI's 101%.
SNTRUNI
0.10over 362 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 | SNTR | UNI |
|---|---|---|
| Max drawdown (400d) | -98.7% | -74.4% |
| Risk-adjusted return (90d) | -0.42 | 0.83 |
| Best 30 days (past year) | — | +143.9% |
| Worst 30 days (past year) | — | -47.8% |
Relative strength over 90 days: UNI outperformed SNTR by 95.1% — measured on the SNTR/UNI ratio, so it holds regardless of market direction.