Laïka (LAIKA) and Mantle (MNT) compared side by side. Over the past 30 days, MNT is ahead by 7.5 percentage points (LAIKA -22.4% against MNT -14.9%). Their daily returns move barely together (correlation 0.31 across 24 shared trading days). MNT has been the more volatile of the two, at 99% annualised against LAIKA's 60%.
LAIKAMNT
0.31over 24 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 | LAIKA | MNT |
|---|---|---|
| Max drawdown (400d) | -35.2% | -31.8% |
| Risk-adjusted return (90d) | -0.51 | 0.08 |
Relative strength over 90 days: MNT outperformed LAIKA by 10.8% — measured on the LAIKA/MNT ratio, so it holds regardless of market direction.