PROJECT XENO (GXE) and Heroes of Mavia (MAVIA) compared side by side. Over the past 1 year, MAVIA is ahead by 13.8 percentage points (GXE -93.6% against MAVIA -79.8%). Their daily returns move barely together (correlation 0.04 across 363 shared trading days). GXE has been the more volatile of the two, at 366% annualised against MAVIA's 177%.
GXEMAVIA
0.04over 363 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 | GXE | MAVIA |
|---|---|---|
| Max drawdown (400d) | -97.8% | -90.6% |
| Risk-adjusted return (90d) | -0.14 | -0.17 |
| Best 30 days (past year) | — | +50.3% |
| Worst 30 days (past year) | — | -76.3% |
Relative strength over 90 days: MAVIA outperformed GXE by 86.0% — measured on the GXE/MAVIA ratio, so it holds regardless of market direction.