Decentraland (MANA) is 122.9× the size of GameFi.org (GAFI) by market capitalisation. Over the past 1 year, MANA is ahead by 28.2 percentage points (GAFI -93.3% against MANA -65.1%). Their daily returns move loosely together (correlation 0.44 across 373 shared trading days). Both have run at a similar volatility, around 75% annualised.
GAFIMANA
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 | GAFI | MANA |
|---|---|---|
| Max drawdown (400d) | -94.8% | -82.0% |
| Risk-adjusted return (90d) | -0.21 | 0.14 |
| Best 30 days (past year) | +39.4% | +43.6% |
| Worst 30 days (past year) | -60.5% | -42.8% |
Relative strength over 90 days: MANA outperformed GAFI by 18.3% — measured on the GAFI/MANA ratio, so it holds regardless of market direction.