Matrix Layer Protocol (MLP) and MiL.k (MLK) compared side by side. Their daily returns move loosely together (correlation 0.40 across 31 shared trading days). MLK has been the more volatile of the two, at 795% annualised against MLP's 328%.
MLPMLK
0.40over 31 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 | MLK |
|---|---|---|
| Max drawdown (400d) | -99.0% | -70.3% |
| Risk-adjusted return (90d) | -0.13 | 0.01 |
Relative strength over 90 days: MLK outperformed MLP by 14.0% — measured on the MLP/MLK ratio, so it holds regardless of market direction.