OroBit (XRB) and Mantle (MNT) compared side by side. Their daily returns move barely in opposite directions (correlation -0.19 across 35 shared trading days). Both have run at a similar volatility, around 98% annualised.
XRBMNT
-0.19over 35 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 | XRB | MNT |
|---|---|---|
| Max drawdown (400d) | -62.1% | -31.8% |
| Risk-adjusted return (90d) | 0.35 | 0.06 |
Relative strength over 90 days: MNT outperformed XRB by 36.5% — measured on the XRB/MNT ratio, so it holds regardless of market direction.