Non-Playable Coin (NPC) is 1325.9× the size of Mumu (MUMU) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.37 across 36 shared trading days). MUMU has been the more volatile of the two, at 267% annualised against NPC's 162%.
MUMUNPC
-0.37over 36 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 | MUMU | NPC |
|---|---|---|
| Max drawdown (400d) | -79.4% | -34.4% |
| Risk-adjusted return (90d) | -0.16 | 1.52 |
Relative strength over 90 days: NPC outperformed MUMU by 73.8% — measured on the MUMU/NPC ratio, so it holds regardless of market direction.