Filecoin (FIL) is 3728.0× the size of U2U Network (U2U) by market capitalisation. Over the past 1 year, FIL is ahead by 58.2 percentage points (U2U -94.6% against FIL -36.3%). Their daily returns move barely together (correlation 0.00 across 369 shared trading days). U2U has been the more volatile of the two, at 222% annualised against FIL's 125%.
U2UFIL
0.00over 369 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 | U2U | FIL |
|---|---|---|
| Max drawdown (400d) | -97.8% | -81.4% |
| Risk-adjusted return (90d) | 0.05 | 0.23 |
| Best 30 days (past year) | +77.4% | +66.2% |
| Worst 30 days (past year) | -63.7% | -57.1% |
Relative strength over 90 days: U2U outperformed FIL by 1.1% — measured on the U2U/FIL ratio, so it holds regardless of market direction.