Medieval Empires (MEE) and Heroes of Mavia (MAVIA) compared side by side. Over the past 1 year, MAVIA is ahead by 15.4 percentage points (MEE -95.2% against MAVIA -79.8%). Their daily returns move barely together (correlation 0.07 across 372 shared trading days). MAVIA has been the more volatile of the two, at 177% annualised against MEE's 152%.
MEEMAVIA
0.07over 372 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 | MEE | MAVIA |
|---|---|---|
| Max drawdown (400d) | -96.8% | -90.6% |
| Risk-adjusted return (90d) | 0.19 | -0.17 |
| Best 30 days (past year) | +143.5% | +50.3% |
| Worst 30 days (past year) | -73.2% | -76.3% |
Relative strength over 90 days: MEE outperformed MAVIA by 55.1% — measured on the MEE/MAVIA ratio, so it holds regardless of market direction.