Decentraland (MANA) is 15.4× the size of Gods Unchained (GODS) by market capitalisation. Over the past 1 year, MANA is ahead by 16.4 percentage points (GODS -81.5% against MANA -65.1%). Their daily returns move loosely together (correlation 0.39 across 371 shared trading days). GODS has been the more volatile of the two, at 98% annualised against MANA's 78%.
GODSMANA
0.39over 371 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 | GODS | MANA |
|---|---|---|
| Max drawdown (400d) | -83.1% | -82.0% |
| Risk-adjusted return (90d) | -0.13 | 0.14 |
| Best 30 days (past year) | +25.9% | +43.6% |
| Worst 30 days (past year) | -40.3% | -42.8% |
Relative strength over 90 days: MANA outperformed GODS by 14.2% — measured on the GODS/MANA ratio, so it holds regardless of market direction.