Sora Validator vs Ultima

Ultima (ULTIMA) is 402.9× the size of Sora Validator (VAL) by market capitalisation. Over the past 30 days, VAL is ahead by 3.7 percentage points (VAL -37.5% against ULTIMA -41.2%). Their daily returns move barely together (correlation 0.01 across 22 shared trading days). VAL has been the more volatile of the two, at 213% annualised against ULTIMA's 52%.

Correlation: 0.01
Size ratio: 1 : 402.9
Ahead over 30 days: VAL

Sora ValidatorVAL

$0.004487

24h: -1.14%
Market cap: $250,641
Volume 24h: $266
Volatility (ann.): 213%

UltimaULTIMA

$1,192.05

24h: +3.03%
Market cap: $100.98M
Volume 24h: $5.50M
Volatility (ann.): 52%

VAL 0.2%Share of the two combined market caps99.8% ULTIMA

Performance

VALULTIMA

7 days-3.98%-6.81%VAL
30 days-37.46%-41.19%VAL

Correlation

0.01over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	VAL	ULTIMA
Max drawdown (400d)	-54.4%	-51.6%
Risk-adjusted return (90d)	-0.15	-0.96

Relative strength over 90 days: ULTIMA outperformed VAL by 9.5% — measured on the VAL/ULTIMA ratio, so it holds regardless of market direction.

Sora Validator →Ultima →