Ultra Cat (ULTCAT) and Ulti (ULTI) compared side by side. Over the past 30 days, ULTCAT is ahead by 40.7 percentage points (ULTCAT -40.5% against ULTI -81.1%). Their daily returns move loosely together (correlation 0.50 across 35 shared trading days). Both have run at a similar volatility, around 577% annualised.
ULTCATULTI
0.50over 35 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 | ULTI |
|---|---|---|
| Max drawdown (400d) | -57.1% | -87.3% |
| Risk-adjusted return (90d) | 0.22 | 0.00 |
Relative strength over 90 days: ULTCAT outperformed ULTI by 7.1% — measured on the ULTCAT/ULTI ratio, so it holds regardless of market direction.