NEAR Protocol (NEAR) is 1571.7× the size of Mysterium (MYST) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.03 across 37 shared trading days). NEAR has been the more volatile of the two, at 108% annualised against MYST's 43%.
MYSTNEAR
-0.03over 37 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 | MYST | NEAR |
|---|---|---|
| Max drawdown (400d) | -14.9% | -68.7% |
| Risk-adjusted return (90d) | -0.12 | 0.98 |
| Best 30 days (past year) | — | +195.3% |
| Worst 30 days (past year) | — | -48.1% |
Relative strength over 90 days: NEAR outperformed MYST by 55.0% — measured on the MYST/NEAR ratio, so it holds regardless of market direction.