XRP (XRP) is 35985.9× the size of Mongol NFT (MNFT) by market capitalisation. Over the past 1 year, MNFT is ahead by 113.3 percentage points (MNFT +68.5% against XRP -44.7%). Their daily returns move barely together (correlation 0.07 across 363 shared trading days). MNFT has been the more volatile of the two, at 124% annualised against XRP's 65%.
MNFTXRP
0.07over 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 | MNFT | XRP |
|---|---|---|
| Max drawdown (400d) | -44.9% | -67.3% |
| Risk-adjusted return (90d) | -0.09 | 0.29 |
| Best 30 days (past year) | — | +41.9% |
| Worst 30 days (past year) | — | -47.3% |
Relative strength over 90 days: XRP outperformed MNFT by 41.6% — measured on the MNFT/XRP ratio, so it holds regardless of market direction.