Moon DAO (MOONEY) and Bio Protocol (BIO) compared side by side. Over the past 1 year, MOONEY is ahead by 12.0 percentage points (MOONEY -61.4% against BIO -73.4%). Their daily returns move loosely together (correlation 0.37 across 373 shared trading days). BIO has been the more volatile of the two, at 137% annualised against MOONEY's 84%.
MOONEYBIO
0.37over 373 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 | MOONEY | BIO |
|---|---|---|
| Max drawdown (400d) | -66.3% | -89.5% |
| Risk-adjusted return (90d) | -0.09 | -0.17 |
| Best 30 days (past year) | +36.3% | +253.8% |
| Worst 30 days (past year) | -43.5% | -52.7% |
Relative strength over 90 days: MOONEY outperformed BIO by 31.0% — measured on the MOONEY/BIO ratio, so it holds regardless of market direction.