Unipeg vs Fake World Assets

Fake World Assets (FWA) is 3.4× the size of Unipeg (UPEG) by market capitalisation. Over the past 30 days, UPEG is ahead by 33.7 percentage points (UPEG -19.5% against FWA -53.2%). Their daily returns move barely in opposite directions (correlation -0.13 across 39 shared trading days). UPEG has been the more volatile of the two, at 439% annualised against FWA's 363%.

Correlation: -0.13
Size ratio: 1 : 3.4
Ahead over 30 days: UPEG

UnipegUPEG

$135.5700

24h: +1.42%
Market cap: $1.36M
Volume 24h: $38,731
Volatility (ann.): 439%

Fake World AssetsFWA

$0.004599

24h: -0.32%
Market cap: $4.55M
Volume 24h: $46,189
Volatility (ann.): 363%

UPEG 23.0%Share of the two combined market caps77.0% FWA

Performance

UPEGFWA

7 days-17.26%-31.80%UPEG
30 days-19.52%-53.18%UPEG

Correlation

-0.13over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	UPEG	FWA
Max drawdown (400d)	-53.8%	-80.2%
Risk-adjusted return (90d)	-0.12	-0.20

Relative strength over 90 days: UPEG outperformed FWA by 63.3% — measured on the UPEG/FWA ratio, so it holds regardless of market direction.

Unipeg →Fake World Assets →