Degen (DEGEN) is 7.0× the size of ubik (UBIK) by market capitalisation. Over the past 30 days, DEGEN is ahead by 62.7 percentage points (UBIK -80.5% against DEGEN -17.8%). Their daily returns move loosely together (correlation 0.44 across 32 shared trading days). UBIK has been the more volatile of the two, at 541% annualised against DEGEN's 78%.
UBIKDEGEN
0.44over 32 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 | UBIK | DEGEN |
|---|---|---|
| Max drawdown (400d) | -85.7% | -26.2% |
| Risk-adjusted return (90d) | -0.08 | -0.22 |
Relative strength over 90 days: DEGEN outperformed UBIK by 29.1% — measured on the UBIK/DEGEN ratio, so it holds regardless of market direction.