GoMining Token (GOMINING) is 1.1× the size of Decentraland (MANA) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 58 shared trading days). MANA has been the more volatile of the two, at 77% annualised against GOMINING's 47%.
GOMININGMANA
0.44over 58 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 | GOMINING | MANA |
|---|---|---|
| Max drawdown (400d) | -7.7% | -82.0% |
| Risk-adjusted return (90d) | 0.68 | 0.19 |
| Best 30 days (past year) | — | +43.6% |
| Worst 30 days (past year) | — | -42.8% |
Relative strength over 90 days: GOMINING outperformed MANA by 11.2% — measured on the GOMINING/MANA ratio, so it holds regardless of market direction.