Decentraland (MANA) is 6.2× the size of Smooth Love Potion (SLP) by market capitalisation. Over the past 1 year, SLP is ahead by 14.2 percentage points (SLP -51.0% against MANA -65.1%). Their daily returns move closely together (correlation 0.76 across 399 shared trading days). Both have run at a similar volatility, around 81% annualised.
SLPMANA
0.76over 399 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 | SLP | MANA |
|---|---|---|
| Max drawdown (400d) | -72.8% | -82.0% |
| Risk-adjusted return (90d) | -0.10 | 0.14 |
| Best 30 days (past year) | +42.9% | +43.6% |
| Worst 30 days (past year) | -42.9% | -42.8% |
Relative strength over 90 days: MANA outperformed SLP by 15.3% — measured on the SLP/MANA ratio, so it holds regardless of market direction.