Swarm Network vs Unibase

Unibase (UB) is 7.3× the size of Swarm Network (TRUTH) by market capitalisation. Over the past 30 days, TRUTH is ahead by 33.3 percentage points (TRUTH +21.4% against UB -11.9%). Their daily returns move barely in opposite directions (correlation -0.17 across 39 shared trading days). TRUTH has been the more volatile of the two, at 137% annualised against UB's 101%.

Correlation: -0.17
Size ratio: 1 : 7.3
Ahead over 30 days: TRUTH

Swarm NetworkTRUTH

$0.017450

24h: +6.55%
Market cap: $36.39M
Volume 24h: $1.52M
Volatility (ann.): 137%

UnibaseUB

$0.106638

24h: -1.07%
Market cap: $266.61M
Volume 24h: $8.54M
Volatility (ann.): 101%

TRUTH 12.0%Share of the two combined market caps88.0% UB

Performance

TRUTHUB

7 days-20.14%-12.37%UB
30 days+21.39%-11.87%TRUTH

Correlation

-0.17over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1990d: 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	TRUTH	UB
Max drawdown (400d)	-22.3%	-31.0%
Risk-adjusted return (90d)	0.22	-0.09

Relative strength over 90 days: TRUTH outperformed UB by 47.2% — measured on the TRUTH/UB ratio, so it holds regardless of market direction.

Swarm Network →Unibase →