UnityWallet Token vs Backpack

Backpack (BP) is 3.4× the size of UnityWallet Token (UNT) by market capitalisation. Over the past 30 days, BP is ahead by 84.9 percentage points (UNT -18.4% against BP +66.5%). Their daily returns move loosely together (correlation 0.54 across 55 shared trading days). BP has been the more volatile of the two, at 504% annualised against UNT's 129%.

Correlation: 0.54
Size ratio: 1 : 3.4
Ahead over 30 days: BP

UnityWallet TokenUNT

$0.100499

24h: +4.63%
Market cap: $66.12M
Volume 24h: $1,837
Volatility (ann.): 129%

BackpackBP

$0.902785

24h: +3.45%
Market cap: $225.70M
Volume 24h: $4.92M
Volatility (ann.): 504%

UNT 22.7%Share of the two combined market caps77.3% BP

Performance

UNTBP

7 days-9.04%-5.55%BP
30 days-18.38%+66.51%BP

Correlation

0.54over 55 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	UNT	BP
Max drawdown (400d)	-33.2%	-35.1%
Risk-adjusted return (90d)	0.50	0.27

Relative strength over 90 days: BP outperformed UNT by 34.5% — measured on the UNT/BP ratio, so it holds regardless of market direction.

UnityWallet Token →Backpack →