SafePal (SFP) is 1.7× the size of UnityWallet Token (UNT) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 56 shared trading days). UNT has been the more volatile of the two, at 129% annualised against SFP's 71%.
UNTSFP
0.66over 56 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 | UNT | SFP |
|---|---|---|
| Max drawdown (400d) | -33.2% | -62.2% |
| Risk-adjusted return (90d) | 0.50 | -0.03 |
| Best 30 days (past year) | — | +33.7% |
| Worst 30 days (past year) | — | -33.2% |
Relative strength over 90 days: UNT outperformed SFP by 86.2% — measured on the UNT/SFP ratio, so it holds regardless of market direction.