Stellar (XLM) is 18642.4× the size of Mavryk Network (MVRK) by market capitalisation. Over the past 1 year, XLM is ahead by 49.5 percentage points (MVRK -91.2% against XLM -41.7%). Their daily returns move barely together (correlation 0.02 across 364 shared trading days). MVRK has been the more volatile of the two, at 139% annualised against XLM's 78%.
MVRKXLM
0.02over 364 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 | MVRK | XLM |
|---|---|---|
| Max drawdown (400d) | -93.2% | -64.9% |
| Risk-adjusted return (90d) | -0.38 | -0.02 |
| Best 30 days (past year) | — | +63.3% |
| Worst 30 days (past year) | — | -39.7% |
Relative strength over 90 days: XLM outperformed MVRK by 61.4% — measured on the MVRK/XLM ratio, so it holds regardless of market direction.