UBXS vs Spiko Amundi Overnight Swap Fund (EUR)

Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) is 33767.9× the size of UBXS (UBXS) by market capitalisation. Over the past 30 days, UBXS is ahead by 0.4 percentage points (UBXS -2.1% against EURSAFO -2.6%). Their daily returns move barely together (correlation 0.25 across 23 shared trading days). UBXS has been the more volatile of the two, at 51% annualised against EURSAFO's 9%.

Correlation: 0.25
Size ratio: 1 : 33767.9
Ahead over 30 days: UBXS

UBXSUBXS

$0.000685

24h: +2.92%
Market cap: $56,773
Volume 24h: $78
Volatility (ann.): 51%

Spiko Amundi Overnight Swap Fund (EUR)EURSAFO

$1.1400

24h: -0.06%
Market cap: $1.92B
Volume 24h: —
Volatility (ann.): 9%

UBXS 0.0%Share of the two combined market caps100.0% EURSAFO

Performance

UBXSEURSAFO

7 days-0.44%+0.88%EURSAFO
30 days-2.13%-2.56%UBXS

Correlation

0.25over 23 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	UBXS	EURSAFO
Max drawdown (400d)	-9.1%	-4.2%
Risk-adjusted return (90d)	-0.06	-0.27

Relative strength over 90 days: UBXS outperformed EURSAFO by 1.8% — measured on the UBXS/EURSAFO ratio, so it holds regardless of market direction.

UBXS →Spiko Amundi Overnight Swap Fund (EUR) →