Universal High Income vs Fartcoin

Fartcoin (FARTCOIN) is 8666.2× the size of Universal High Income (INCOME) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 64.3 percentage points (INCOME -76.1% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.24 across 23 shared trading days). INCOME has been the more volatile of the two, at 992% annualised against FARTCOIN's 155%.

Correlation: 0.24
Size ratio: 1 : 8666.2
Ahead over 30 days: FARTCOIN

Universal High IncomeINCOME

$2.028e-5

24h: +2.12%
Market cap: $13,323
Volume 24h: $106
Volatility (ann.): 992%

FartcoinFARTCOIN

$0.115489

24h: -7.86%
Market cap: $115.46M
Volume 24h: $14.28M
Volatility (ann.): 155%

INCOME 0.0%Share of the two combined market caps100.0% FARTCOIN

Performance

INCOMEFARTCOIN

7 days-49.35%-6.26%FARTCOIN
30 days-76.13%-11.87%FARTCOIN

Correlation

0.24over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	INCOME	FARTCOIN
Max drawdown (400d)	-76.2%	-46.0%
Risk-adjusted return (90d)	0.01	-0.08

Relative strength over 90 days: FARTCOIN outperformed INCOME by 48.3% — measured on the INCOME/FARTCOIN ratio, so it holds regardless of market direction.

Universal High Income →Fartcoin →