Ultra (UOS) and Smooth Love Potion (SLP) compared side by side. Over the past 1 year, SLP is ahead by 44.8 percentage points (UOS -95.8% against SLP -51.0%). Their daily returns move barely together (correlation 0.20 across 372 shared trading days). UOS has been the more volatile of the two, at 147% annualised against SLP's 85%.
UOSSLP
0.20over 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 | SLP |
|---|---|---|
| Max drawdown (400d) | -96.1% | -72.8% |
| Risk-adjusted return (90d) | -0.45 | -0.10 |
| Best 30 days (past year) | +74.1% | +42.9% |
| Worst 30 days (past year) | -59.6% | -42.9% |
Relative strength over 90 days: SLP outperformed UOS by 61.1% — measured on the UOS/SLP ratio, so it holds regardless of market direction.