Undeads Games (UDS) and The Sandbox (SAND) compared side by side. Over the past 1 year, SAND is ahead by 20.6 percentage points (UDS -95.5% against SAND -74.8%). Their daily returns move barely together (correlation 0.06 across 372 shared trading days). UDS has been the more volatile of the two, at 120% annualised against SAND's 103%.
UDSSAND
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 | SAND |
|---|---|---|
| Max drawdown (400d) | -97.3% | -88.4% |
| Risk-adjusted return (90d) | -0.56 | 0.07 |
| Best 30 days (past year) | +28.9% | +94.1% |
| Worst 30 days (past year) | -80.2% | -48.8% |
Relative strength over 90 days: SAND outperformed UDS by 92.0% — measured on the UDS/SAND ratio, so it holds regardless of market direction.