uTrade (UTT) is 21.6× the size of Vtrading (VTRADING) by market capitalisation. Over the past 30 days, UTT is ahead by 110.1 percentage points (VTRADING -49.9% against UTT +60.2%). Their daily returns move barely together (correlation 0.17 across 28 shared trading days). Both have run at a similar volatility, around 155% annualised.
VTRADINGUTT
0.17over 28 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 | VTRADING | UTT |
|---|---|---|
| Max drawdown (400d) | -52.0% | -16.5% |
| Risk-adjusted return (90d) | -0.33 | 0.38 |
Relative strength over 90 days: UTT outperformed VTRADING by 69.8% — measured on the VTRADING/UTT ratio, so it holds regardless of market direction.