Matrix Layer Protocol (MLP) and Vow (VOW) compared side by side. Over the past 1 year, VOW is ahead by 70.8 percentage points (MLP -98.2% against VOW -27.5%). Their daily returns move barely together (correlation 0.04 across 363 shared trading days). MLP has been the more volatile of the two, at 328% annualised against VOW's 97%.
MLPVOW
0.04over 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 | VOW |
|---|---|---|
| Max drawdown (400d) | -99.0% | -67.7% |
| Risk-adjusted return (90d) | -0.13 | 0.32 |
| Best 30 days (past year) | — | +89.3% |
| Worst 30 days (past year) | — | -37.7% |
Relative strength over 90 days: VOW outperformed MLP by 77.7% — measured on the MLP/VOW ratio, so it holds regardless of market direction.