Ultra Cat (ULTCAT) and Crobinhood (CROBINHOOD) compared side by side. Over the past 30 days, ULTCAT is ahead by 10.1 percentage points (ULTCAT -40.5% against CROBINHOOD -50.6%). Their daily returns move loosely together (correlation 0.43 across 31 shared trading days). ULTCAT has been the more volatile of the two, at 590% annualised against CROBINHOOD's 379%.
ULTCATCROBINHOOD
0.43over 31 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 | ULTCAT | CROBINHOOD |
|---|---|---|
| Max drawdown (400d) | -57.1% | -68.6% |
| Risk-adjusted return (90d) | 0.22 | -0.13 |
Relative strength over 90 days: CROBINHOOD outperformed ULTCAT by 13.1% — measured on the ULTCAT/CROBINHOOD ratio, so it holds regardless of market direction.