Mango vs Lighter

Lighter (LIT) is 25.2× the size of Mango (MNGO) by market capitalisation. Over the past 30 days, MNGO is ahead by 1.9 percentage points (MNGO -5.7% against LIT -7.6%). Their daily returns move barely together (correlation 0.07 across 21 shared trading days). LIT has been the more volatile of the two, at 120% annualised against MNGO's 101%.

Correlation: 0.07
Size ratio: 1 : 25.2
Ahead over 30 days: MNGO

MangoMNGO

$0.030547

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

LighterLIT

$0.743000

24h: +1.72%
Market cap: $858.96M
Volume 24h: $113.98M
Volatility (ann.): 120%

MNGO 3.8%Share of the two combined market caps96.2% LIT

Performance

MNGOLIT

7 days-11.27%+11.51%LIT
30 days-5.68%-7.63%MNGO

Correlation

0.07over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	LIT
Max drawdown (400d)	-23.0%	-42.9%
Risk-adjusted return (90d)	0.00	-0.25

Relative strength over 90 days: MNGO outperformed LIT by 27.5% — measured on the MNGO/LIT ratio, so it holds regardless of market direction.

Mango →Lighter →