MX vs LEO Token

LEO Token (LEO) is 58.7× the size of MX (MX) by market capitalisation. Over the past 30 days, LEO is ahead by 12.8 percentage points (MX -10.7% against LEO +2.1%). Their daily returns move barely in opposite directions (correlation -0.16 across 56 shared trading days). MX has been the more volatile of the two, at 41% annualised against LEO's 21%.

Correlation: -0.16
Size ratio: 1 : 58.7
Ahead over 30 days: LEO

MXMX

$1.5900

24h: +0.31%
Market cap: $146.05M
Volume 24h: $4.37M
Volatility (ann.): 41%

LEO TokenLEO

$9.3300

24h: +0.47%
Market cap: $8.58B
Volume 24h: $99,024
Volatility (ann.): 21%

MX 1.7%Share of the two combined market caps98.3% LEO

Performance

MXLEO

7 days+1.94%+2.76%LEO
30 days-10.73%+2.09%LEO

Correlation

-0.16over 56 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	MX	LEO
Max drawdown (400d)	-20.5%	-8.8%
Risk-adjusted return (90d)	-0.07	-0.02

Relative strength over 90 days: LEO outperformed MX by 1.8% — measured on the MX/LEO ratio, so it holds regardless of market direction.

MX →LEO Token →