Uniswap vs Sui
Uniswap (UNI) is 1.2× the size of Sui (SUI) by market capitalisation. Over the past 1 year, UNI is ahead by 90.8 percentage points (UNI +29.2% against SUI -61.6%). Their daily returns move closely together (correlation 0.64 across 399 shared trading days). Both have run at a similar volatility, around 94% annualised.
Performance
| Period | UNI | SUI | Ahead |
|---|---|---|---|
| 7 days | +8.67% | +46.72% | SUI |
| 30 days | +119.95% | +55.69% | UNI |
| 90 days | +229.48% | +74.57% | UNI |
| 1 year | +29.23% | -61.59% | UNI |
Risk & extremes
| Metric | UNI | SUI |
|---|---|---|
| Max drawdown (400d) | -78.9% | -83.2% |
| Risk-adjusted return (90d) | 2.26 | 0.90 |
| Best 30 days (past year) | +143.9% | +55.7% |
| Worst 30 days (past year) | -47.8% | -53.6% |
Relative strength over 90 days: UNI outperformed SUI by 88.7% — measured on the UNI/SUI ratio, so it holds regardless of market direction.
Correlation
0.64over 399 shared trading days
7d: insufficient data30d: 0.3990d: 0.461y: 0.63
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.