Unit0 vs Mantle

Mantle (MNT) is 25915.0× the size of Unit0 (UNIT0) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.23 across 35 shared trading days). UNIT0 has been the more volatile of the two, at 125% annualised against MNT's 99%.

Correlation: -0.23
Size ratio: 1 : 25915.0

Unit0UNIT0

$0.001675

24h: +10.60%
Market cap: $55,499
Volume 24h: $959
Volatility (ann.): 125%

MantleMNT

$0.435570

24h: -8.45%
Market cap: $1.44B
Volume 24h: $31.42M
Volatility (ann.): 99%

UNIT0 0.0%Share of the two combined market caps100.0% MNT

Performance

UNIT0MNT

7 days-3.31%-5.06%UNIT0
30 days-55.69%-14.90%MNT
90 days-83.17%——
1 year-99.31%——

Correlation

-0.23over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3490d: 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	UNIT0	MNT
Max drawdown (400d)	-99.4%	-31.8%
Risk-adjusted return (90d)	-0.78	0.08

Relative strength over 90 days: MNT outperformed UNIT0 by 72.5% — measured on the UNIT0/MNT ratio, so it holds regardless of market direction.

Unit0 →Mantle →