Ultra (UOS) and Enjin Coin (ENJ) compared side by side. Over the past 1 year, ENJ is ahead by 58.2 percentage points (UOS -95.8% against ENJ -37.6%). Their daily returns move barely together (correlation 0.17 across 372 shared trading days). UOS has been the more volatile of the two, at 147% annualised against ENJ's 115%.
UOSENJ
0.17over 372 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 | UOS | ENJ |
|---|---|---|
| Max drawdown (400d) | -96.1% | -73.9% |
| Risk-adjusted return (90d) | -0.45 | -0.06 |
| Best 30 days (past year) | +74.1% | +365.5% |
| Worst 30 days (past year) | -59.6% | -51.0% |
Relative strength over 90 days: ENJ outperformed UOS by 56.1% — measured on the UOS/ENJ ratio, so it holds regardless of market direction.