VAIOT (VAI) is 10.9× the size of UNION Protocol Governance (UNN) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.47 across 110 shared trading days). VAI has been the more volatile of the two, at 291% annualised against UNN's 91%.
$0.000104
UNNVAI
-0.47over 110 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 | UNN | VAI |
|---|---|---|
| Max drawdown (400d) | -64.4% | -75.8% |
| Risk-adjusted return (90d) | -0.57 | 0.01 |
| Best 30 days (past year) | +95.9% | — |
| Worst 30 days (past year) | -59.5% | — |
Relative strength over 90 days: VAI outperformed UNN by 53.3% — measured on the UNN/VAI ratio, so it holds regardless of market direction.