Sonic SVM vs Mantle

Mantle (MNT) is 205.6× the size of Sonic SVM (SONIC) by market capitalisation. Over the past 30 days, SONIC is ahead by 6.7 percentage points (SONIC -10.6% against MNT -17.3%). Their daily returns move closely together (correlation 0.72 across 31 shared trading days). SONIC has been the more volatile of the two, at 116% annualised against MNT's 100%.

Correlation: 0.72
Size ratio: 1 : 205.6
Ahead over 30 days: SONIC

Sonic SVMSONIC

$0.020880

24h: -1.30%
Market cap: $7.52M
Volume 24h: $485,832
Volatility (ann.): 116%

MantleMNT

$0.468022

24h: -1.43%
Market cap: $1.55B
Volume 24h: $37.65M
Volatility (ann.): 100%

SONIC 0.5%Share of the two combined market caps99.5% MNT

Performance

SONICMNT

7 days+0.38%-8.39%SONIC
30 days-10.60%-17.29%SONIC

Correlation

0.72over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7290d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	SONIC	MNT
Max drawdown (400d)	-30.0%	-31.8%
Risk-adjusted return (90d)	0.02	0.06

Relative strength over 90 days: SONIC outperformed MNT by 13.2% — measured on the SONIC/MNT ratio, so it holds regardless of market direction.

Sonic SVM →Mantle →