Islamic Coin vs Mantle

Mantle (MNT) is 106.3× the size of Islamic Coin (ISLM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.47 across 35 shared trading days). ISLM has been the more volatile of the two, at 375% annualised against MNT's 100%.

Correlation: -0.47
Size ratio: 1 : 106.3

Islamic CoinISLM

$0.003796

24h: +0.02%
Market cap: $14.21M
Volume 24h: $3,856
Volatility (ann.): 375%

MantleMNT

$0.457286

24h: -3.34%
Market cap: $1.51B
Volume 24h: $37.22M
Volatility (ann.): 100%

ISLM 0.9%Share of the two combined market caps99.1% MNT

Performance

ISLMMNT

7 days-11.91%-8.39%MNT
30 days-19.52%-17.29%MNT
90 days-45.83%——
1 year-83.28%——

Correlation

-0.47over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5790d: 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	ISLM	MNT
Max drawdown (400d)	-94.5%	-31.8%
Risk-adjusted return (90d)	-0.62	0.06

Relative strength over 90 days: MNT outperformed ISLM by 46.4% — measured on the ISLM/MNT ratio, so it holds regardless of market direction.

Islamic Coin →Mantle →