Undeads Games (UDS) and Axie Infinity (AXS) compared side by side. Over the past 1 year, AXS is ahead by 63.0 percentage points (UDS -95.5% against AXS -32.5%). Their daily returns move barely together (correlation 0.06 across 372 shared trading days). Both have run at a similar volatility, around 120% annualised.
UDSAXS
0.06over 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 | UDS | AXS |
|---|---|---|
| Max drawdown (400d) | -97.3% | -72.0% |
| Risk-adjusted return (90d) | -0.56 | -0.04 |
| Best 30 days (past year) | +28.9% | +248.7% |
| Worst 30 days (past year) | -80.2% | -55.5% |
Relative strength over 90 days: AXS outperformed UDS by 91.0% — measured on the UDS/AXS ratio, so it holds regardless of market direction.