Uniswap (UNI) is 2043.0× the size of UniLayer (LAYER) by market capitalisation. Over the past 1 year, UNI is ahead by 138.8 percentage points (LAYER -99.9% against UNI +38.9%). Their daily returns move loosely together (correlation 0.45 across 367 shared trading days). LAYER has been the more volatile of the two, at 138% annualised against UNI's 101%.
LAYERUNI
0.45over 367 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 | LAYER | UNI |
|---|---|---|
| Max drawdown (400d) | -99.9% | -74.4% |
| Risk-adjusted return (90d) | -0.48 | 0.73 |
| Best 30 days (past year) | +50.0% | +143.9% |
| Worst 30 days (past year) | -99.2% | -47.8% |
Relative strength over 90 days: UNI outperformed LAYER by 99.6% — measured on the LAYER/UNI ratio, so it holds regardless of market direction.