The Golden Goose (GOOSE) and UBI (UBI) compared side by side. Their daily returns move barely together (correlation 0.32 across 24 shared trading days). UBI has been the more volatile of the two, at 324% annualised against GOOSE's 243%.
GOOSEUBI
0.32over 24 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 | GOOSE | UBI |
|---|---|---|
| Max drawdown (400d) | -74.0% | -81.0% |
| Risk-adjusted return (90d) | -0.30 | -0.23 |
Relative strength over 90 days: UBI outperformed GOOSE by 32.1% — measured on the GOOSE/UBI ratio, so it holds regardless of market direction.