Decentraland (MANA) is 11.1× the size of Doodles (DOOD) by market capitalisation. Over the past 1 year, MANA is ahead by 18.0 percentage points (DOOD -83.1% against MANA -65.1%). Their daily returns move loosely together (correlation 0.44 across 373 shared trading days). DOOD has been the more volatile of the two, at 126% annualised against MANA's 78%.
DOODMANA
0.44over 373 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 | DOOD | MANA |
|---|---|---|
| Max drawdown (400d) | -90.6% | -82.0% |
| Risk-adjusted return (90d) | 0.14 | 0.14 |
| Best 30 days (past year) | +63.4% | +43.6% |
| Worst 30 days (past year) | -58.7% | -42.8% |
Relative strength over 90 days: DOOD outperformed MANA by 12.0% — measured on the DOOD/MANA ratio, so it holds regardless of market direction.