DNAxCAT (DXCT) and Decentraland (MANA) compared side by side. Over the past 1 year, DXCT is ahead by 53.6 percentage points (DXCT -11.5% against MANA -65.1%). Their daily returns move barely together (correlation 0.07 across 369 shared trading days). Both have run at a similar volatility, around 78% annualised.
DXCTMANA
0.07over 369 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 | DXCT | MANA |
|---|---|---|
| Max drawdown (400d) | -56.8% | -82.0% |
| Risk-adjusted return (90d) | -0.61 | 0.14 |
| Best 30 days (past year) | +13.8% | +43.6% |
| Worst 30 days (past year) | -50.3% | -42.8% |
Relative strength over 90 days: MANA outperformed DXCT by 19.5% — measured on the DXCT/MANA ratio, so it holds regardless of market direction.