Matrix Layer Protocol (MLP) and Faith Tribe (FTRB) compared side by side. Over the past 1 year, FTRB is ahead by 88.9 percentage points (MLP -98.2% against FTRB -9.3%). Their daily returns move barely together (correlation 0.07 across 363 shared trading days). MLP has been the more volatile of the two, at 328% annualised against FTRB's 63%.
MLPFTRB
0.07over 363 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 | MLP | FTRB |
|---|---|---|
| Max drawdown (400d) | -99.0% | -60.7% |
| Risk-adjusted return (90d) | -0.13 | -0.08 |
| Best 30 days (past year) | — | +121.6% |
| Worst 30 days (past year) | — | -22.5% |
Relative strength over 90 days: FTRB outperformed MLP by 61.6% — measured on the MLP/FTRB ratio, so it holds regardless of market direction.