Decentraland (MANA) is 865.1× the size of Playermon (PYM) by market capitalisation. Over the past 1 year, PYM is ahead by 4.4 percentage points (PYM -58.1% against MANA -62.5%). Their daily returns move loosely together (correlation 0.45 across 373 shared trading days). PYM has been the more volatile of the two, at 90% annualised against MANA's 77%.
PYMMANA
0.45over 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 | PYM | MANA |
|---|---|---|
| Max drawdown (400d) | -67.0% | -82.0% |
| Risk-adjusted return (90d) | -0.39 | 0.19 |
| Best 30 days (past year) | +42.8% | +43.6% |
| Worst 30 days (past year) | -40.7% | -42.8% |
Relative strength over 90 days: MANA outperformed PYM by 36.2% — measured on the PYM/MANA ratio, so it holds regardless of market direction.