Moon DAO (MOONEY) and The Innovation Game (TIG) compared side by side. Their daily returns move closely together (correlation 0.61 across 42 shared trading days). TIG has been the more volatile of the two, at 153% annualised against MOONEY's 84%.
MOONEYTIG
0.61over 42 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 | TIG |
|---|---|---|
| Max drawdown (400d) | -66.3% | -46.1% |
| Risk-adjusted return (90d) | -0.09 | -0.20 |
| Best 30 days (past year) | +36.3% | — |
| Worst 30 days (past year) | -43.5% | — |
Relative strength over 90 days: MOONEY outperformed TIG by 22.3% — measured on the MOONEY/TIG ratio, so it holds regardless of market direction.