Unity USD vs Metronome Synth USD

Unity USD (UUSD) is 2.3× the size of Metronome Synth USD (MSUSD) by market capitalisation. Over the past 30 days, MSUSD is ahead by 22.9 percentage points (UUSD -0.6% against MSUSD +22.3%). Their daily returns move barely in opposite directions (correlation -0.13 across 48 shared trading days). MSUSD has been the more volatile of the two, at 84% annualised against UUSD's 5%.

Correlation: -0.13
Size ratio: 2.3×
Ahead over 30 days: MSUSD

Unity USDUUSD

$0.998754

24h: +0.05%
Market cap: $99.88M
Volume 24h: $2.13M
Volatility (ann.): 5%

Metronome Synth USDMSUSD

$0.852422

24h: -1.18%
Market cap: $43.80M
Volume 24h: $1.01M
Volatility (ann.): 84%

UUSD 69.5%Share of the two combined market caps30.5% MSUSD

Performance

UUSDMSUSD

7 days-0.04%-2.26%UUSD
30 days-0.61%+22.27%MSUSD

Correlation

-0.13over 48 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1790d: 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	UUSD	MSUSD
Max drawdown (400d)	-0.9%	-31.8%
Risk-adjusted return (90d)	-0.02	0.32

Relative strength over 90 days: MSUSD outperformed UUSD by 20.9% — measured on the UUSD/MSUSD ratio, so it holds regardless of market direction.

Unity USD →Metronome Synth USD →