Gelato vs Mantle

Mantle (MNT) is 4823.4× the size of Gelato (GEL) by market capitalisation. Over the past 30 days, MNT is ahead by 42.7 percentage points (GEL -60.0% against MNT -17.3%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). GEL has been the more volatile of the two, at 364% annualised against MNT's 100%.

Correlation: 0.07
Size ratio: 1 : 4823.4
Ahead over 30 days: MNT

GelatoGEL

$0.001145

24h: —
Market cap: $328,549
Volume 24h: $2
Volatility (ann.): 364%

MantleMNT

$0.479939

24h: +2.01%
Market cap: $1.58B
Volume 24h: $39.32M
Volatility (ann.): 100%

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

Performance

GELMNT

7 days-60.40%-8.39%MNT
30 days-59.99%-17.29%MNT

Correlation

0.07over 24 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	GEL	MNT
Max drawdown (400d)	-80.7%	-31.8%
Risk-adjusted return (90d)	-0.17	0.06

Relative strength over 90 days: MNT outperformed GEL by 53.6% — measured on the GEL/MNT ratio, so it holds regardless of market direction.

Gelato →Mantle →