GMX (GMX) is 7.2× the size of MYX Finance (MYX) by market capitalisation. Over the past 1 year, GMX is ahead by 96.1 percentage points (MYX -98.9% against GMX -2.8%). Their daily returns move barely together (correlation 0.31 across 373 shared trading days). MYX has been the more volatile of the two, at 193% annualised against GMX's 75%.
MYXGMX
0.31over 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 | MYX | GMX |
|---|---|---|
| Max drawdown (400d) | -99.7% | -66.5% |
| Risk-adjusted return (90d) | -0.20 | 0.51 |
| Best 30 days (past year) | +109.6% | +32.0% |
| Worst 30 days (past year) | -95.7% | -34.5% |
Relative strength over 90 days: GMX outperformed MYX by 45.4% — measured on the MYX/GMX ratio, so it holds regardless of market direction.