Evernode vs Mantle

Mantle (MNT) is 219.7× the size of Evernode (EVR) by market capitalisation. Over the past 30 days, EVR is ahead by 20.6 percentage points (EVR +3.3% against MNT -17.3%). Their daily returns move barely together (correlation 0.32 across 22 shared trading days). MNT has been the more volatile of the two, at 100% annualised against EVR's 82%.

Correlation: 0.32
Size ratio: 1 : 219.7
Ahead over 30 days: EVR

EvernodeEVR

$0.096113

24h: —
Market cap: $6.94M
Volume 24h: $38
Volatility (ann.): 82%

MantleMNT

$0.462176

24h: -1.46%
Market cap: $1.53B
Volume 24h: $34.75M
Volatility (ann.): 100%

EVR 0.5%Share of the two combined market caps99.5% MNT

Performance

EVRMNT

7 days+1.14%-8.39%EVR
30 days+3.31%-17.29%EVR

Correlation

0.32over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	EVR	MNT
Max drawdown (400d)	-15.9%	-31.8%
Risk-adjusted return (90d)	0.04	0.06

Relative strength over 90 days: MNT outperformed EVR by 19.4% — measured on the EVR/MNT ratio, so it holds regardless of market direction.

Evernode →Mantle →