Wicket Protocol (WICKET) and UBI (UBI) compared side by side. Their daily returns move barely in opposite directions (correlation -0.11 across 24 shared trading days). WICKET has been the more volatile of the two, at 754% annualised against UBI's 324%.
WICKETUBI
-0.11over 24 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 | WICKET | UBI |
|---|---|---|
| Max drawdown (400d) | -63.6% | -81.0% |
| Risk-adjusted return (90d) | -0.04 | -0.24 |
Relative strength over 90 days: WICKET outperformed UBI by 73.4% — measured on the WICKET/UBI ratio, so it holds regardless of market direction.