Ethernity Chain vs Mantle

Mantle (MNT) is 8316.3× the size of Ethernity Chain (ERN) by market capitalisation. Over the past 30 days, MNT is ahead by 61.5 percentage points (ERN -78.8% against MNT -17.3%). Their daily returns move closely together (correlation 0.62 across 25 shared trading days). ERN has been the more volatile of the two, at 290% annualised against MNT's 100%.

Correlation: 0.62
Size ratio: 1 : 8316.3
Ahead over 30 days: MNT

Ethernity ChainERN

$0.006053

24h: —
Market cap: $181,594
Volume 24h: —
Volatility (ann.): 290%

MantleMNT

$0.457358

24h: -3.01%
Market cap: $1.51B
Volume 24h: $36.65M
Volatility (ann.): 100%

ERN 0.0%Share of the two combined market caps100.0% MNT

Performance

ERNMNT

7 days-73.53%-8.39%MNT
30 days-78.75%-17.29%MNT

Correlation

0.62over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	ERN	MNT
Max drawdown (400d)	-85.1%	-31.8%
Risk-adjusted return (90d)	-0.28	0.06

Relative strength over 90 days: MNT outperformed ERN by 76.2% — measured on the ERN/MNT ratio, so it holds regardless of market direction.

Ethernity Chain →Mantle →