Mantle (MNT) is 669.2× the size of KONET (KONET) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 35 shared trading days). KONET has been the more volatile of the two, at 168% annualised against MNT's 100%.
KONETMNT
0.10over 35 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 | KONET | MNT |
|---|---|---|
| Max drawdown (400d) | -74.2% | -31.8% |
| Risk-adjusted return (90d) | -0.18 | 0.06 |
Relative strength over 90 days: MNT outperformed KONET by 34.4% — measured on the KONET/MNT ratio, so it holds regardless of market direction.