LayerK (LYK) and Mantle (MNT) compared side by side. Over the past 30 days, LYK is ahead by 11.2 percentage points (LYK -6.1% against MNT -17.3%). Their daily returns move barely together (correlation 0.22 across 21 shared trading days). LYK has been the more volatile of the two, at 159% annualised against MNT's 100%.
LYKMNT
0.22over 21 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 | LYK | MNT |
|---|---|---|
| Max drawdown (400d) | -36.5% | -31.8% |
| Risk-adjusted return (90d) | -0.08 | 0.06 |
Relative strength over 90 days: MNT outperformed LYK by 10.3% — measured on the LYK/MNT ratio, so it holds regardless of market direction.