Decentraland (MANA) is 1776.4× the size of CrypTok (CRYPTOK) by market capitalisation. Their daily returns move loosely together (correlation 0.55 across 35 shared trading days). MANA has been the more volatile of the two, at 77% annualised against CRYPTOK's 50%.
CRYPTOKMANA
0.55over 35 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 | CRYPTOK | MANA |
|---|---|---|
| Max drawdown (400d) | -29.9% | -82.0% |
| Risk-adjusted return (90d) | -0.48 | 0.19 |
| Best 30 days (past year) | — | +43.6% |
| Worst 30 days (past year) | — | -42.8% |
Relative strength over 90 days: MANA outperformed CRYPTOK by 10.3% — measured on the CRYPTOK/MANA ratio, so it holds regardless of market direction.