Decentraland (MANA) is 7.4× the size of Capybobo (PYBOBO) by market capitalisation. Over the past 1 year, PYBOBO is ahead by 31.4 percentage points (PYBOBO -33.7% against MANA -65.1%). Their daily returns move barely together (correlation 0.03 across 320 shared trading days). PYBOBO has been the more volatile of the two, at 93% annualised against MANA's 78%.
PYBOBOMANA
0.03over 320 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 | PYBOBO | MANA |
|---|---|---|
| Max drawdown (400d) | -63.1% | -82.0% |
| Risk-adjusted return (90d) | -0.45 | 0.14 |
| Best 30 days (past year) | — | +43.6% |
| Worst 30 days (past year) | — | -42.8% |
Relative strength over 90 days: MANA outperformed PYBOBO by 38.5% — measured on the PYBOBO/MANA ratio, so it holds regardless of market direction.