WeFi (WFI) and Ultima (ULTIMA) compared side by side. Over the past 30 days, WFI is ahead by 42.2 percentage points (WFI +1.0% against ULTIMA -41.2%). Their daily returns move loosely together (correlation 0.40 across 22 shared trading days). ULTIMA has been the more volatile of the two, at 52% annualised against WFI's 42%.
WFIULTIMA
0.40over 22 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 | WFI | ULTIMA |
|---|---|---|
| Max drawdown (400d) | -9.7% | -51.6% |
| Risk-adjusted return (90d) | 0.00 | -0.96 |
Relative strength over 90 days: WFI outperformed ULTIMA by 38.5% — measured on the WFI/ULTIMA ratio, so it holds regardless of market direction.