SCARCITY (SCARCITY) and Decentraland (MANA) compared side by side. Over the past 1 year, MANA is ahead by 23.0 percentage points (SCARCITY -88.1% against MANA -65.1%). Their daily returns move barely together (correlation 0.17 across 364 shared trading days). SCARCITY has been the more volatile of the two, at 96% annualised against MANA's 78%.
SCARCITYMANA
0.17over 364 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 | SCARCITY | MANA |
|---|---|---|
| Max drawdown (400d) | -92.5% | -82.0% |
| Risk-adjusted return (90d) | 0.75 | 0.14 |
| Best 30 days (past year) | — | +43.6% |
| Worst 30 days (past year) | — | -42.8% |
Relative strength over 90 days: MANA outperformed SCARCITY by 8.6% — measured on the SCARCITY/MANA ratio, so it holds regardless of market direction.