Mango vs Derive

Derive (DRV) is 10.8× the size of Mango (MNGO) by market capitalisation. Over the past 30 days, DRV is ahead by 119.6 percentage points (MNGO -5.7% against DRV +113.9%). Their daily returns move barely together (correlation 0.14 across 47 shared trading days). DRV has been the more volatile of the two, at 596% annualised against MNGO's 101%.

Correlation: 0.14
Size ratio: 1 : 10.8
Ahead over 30 days: DRV

MangoMNGO

$0.030547

24h: +1.57%
Market cap: $34.14M
Volume 24h: $312
Volatility (ann.): 101%

DeriveDRV

$0.348009

24h: +12.48%
Market cap: $369.43M
Volume 24h: $7.87M
Volatility (ann.): 596%

MNGO 8.5%Share of the two combined market caps91.5% DRV

Performance

MNGODRV

7 days-11.27%-12.47%MNGO
30 days-5.68%+113.87%DRV

Correlation

0.14over 47 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	MNGO	DRV
Max drawdown (400d)	-23.0%	-32.6%
Risk-adjusted return (90d)	0.00	0.40

Relative strength over 90 days: DRV outperformed MNGO by 65.1% — measured on the MNGO/DRV ratio, so it holds regardless of market direction.

Mango →Derive →