XYO Network (XYO) is 1.6× the size of MVL (MVL) by market capitalisation. Over the past 30 days, MVL is ahead by 1.8 percentage points (MVL -10.6% against XYO -12.4%). Their daily returns move closely together (correlation 0.62 across 46 shared trading days). Both have run at a similar volatility, around 64% annualised.
MVLXYO
0.62over 46 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 | MVL | XYO |
|---|---|---|
| Max drawdown (400d) | -20.6% | -23.4% |
| Risk-adjusted return (90d) | 0.11 | -0.01 |
Relative strength over 90 days: MVL outperformed XYO by 22.8% — measured on the MVL/XYO ratio, so it holds regardless of market direction.