Decentraland (MANA) is 641.2× the size of dotmoovs (MOOV) by market capitalisation. Over the past 1 year, MANA is ahead by 7.6 percentage points (MOOV -70.1% against MANA -62.5%). Their daily returns move loosely together (correlation 0.50 across 373 shared trading days). Both have run at a similar volatility, around 76% annualised.
MOOVMANA
0.50over 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 | MOOV | MANA |
|---|---|---|
| Max drawdown (400d) | -79.2% | -82.0% |
| Risk-adjusted return (90d) | -0.09 | 0.19 |
| Best 30 days (past year) | +31.8% | +43.6% |
| Worst 30 days (past year) | -52.9% | -42.8% |
Relative strength over 90 days: MANA outperformed MOOV by 12.7% — measured on the MOOV/MANA ratio, so it holds regardless of market direction.