Kaspa (KAS) is 4534.6× the size of U2U Network (U2U) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.30 across 41 shared trading days). U2U has been the more volatile of the two, at 222% annualised against KAS's 106%.
U2UKAS
-0.30over 41 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 | KAS |
|---|---|---|
| Max drawdown (400d) | -97.8% | -34.1% |
| Risk-adjusted return (90d) | 0.05 | 0.21 |
| Best 30 days (past year) | +77.4% | — |
| Worst 30 days (past year) | -63.7% | — |
Relative strength over 90 days: KAS outperformed U2U by 21.2% — measured on the U2U/KAS ratio, so it holds regardless of market direction.