Genius (GENIUS) is 56.7× the size of MCNCOIN (MCN) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.06 across 136 shared trading days). MCN has been the more volatile of the two, at 216% annualised against GENIUS's 96%.
MCNGENIUS
-0.06over 136 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 | MCN | GENIUS |
|---|---|---|
| Max drawdown (400d) | -82.5% | -61.7% |
| Risk-adjusted return (90d) | 0.05 | -0.20 |
| Best 30 days (past year) | +214.0% | — |
| Worst 30 days (past year) | -64.0% | — |
Relative strength over 90 days: MCN outperformed GENIUS by 45.8% — measured on the MCN/GENIUS ratio, so it holds regardless of market direction.