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MANA-USD vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between MANA-USD and BTC-USD is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

MANA-USD vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Decentraland (MANA-USD) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

MANA-USD:

-0.38

BTC-USD:

1.05

Sortino Ratio

MANA-USD:

0.54

BTC-USD:

2.75

Omega Ratio

MANA-USD:

1.05

BTC-USD:

1.29

Calmar Ratio

MANA-USD:

0.00

BTC-USD:

1.89

Martin Ratio

MANA-USD:

-0.42

BTC-USD:

9.44

Ulcer Index

MANA-USD:

46.16%

BTC-USD:

11.20%

Daily Std Dev

MANA-USD:

83.89%

BTC-USD:

41.37%

Max Drawdown

MANA-USD:

-96.24%

BTC-USD:

-93.18%

Current Drawdown

MANA-USD:

-95.01%

BTC-USD:

-6.87%

Returns By Period

In the year-to-date period, MANA-USD achieves a -41.27% return, which is significantly lower than BTC-USD's 11.31% return.


MANA-USD

YTD

-41.27%

1M

-13.33%

6M

-57.95%

1Y

-38.48%

3Y*

-34.75%

5Y*

46.22%

10Y*

N/A

BTC-USD

YTD

11.31%

1M

7.78%

6M

7.83%

1Y

54.10%

3Y*

48.45%

5Y*

61.52%

10Y*

84.64%

*Annualized

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Decentraland

Bitcoin

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

MANA-USD vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MANA-USD
The Risk-Adjusted Performance Rank of MANA-USD is 3939
Overall Rank
The Sharpe Ratio Rank of MANA-USD is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of MANA-USD is 4747
Sortino Ratio Rank
The Omega Ratio Rank of MANA-USD is 4747
Omega Ratio Rank
The Calmar Ratio Rank of MANA-USD is 1414
Calmar Ratio Rank
The Martin Ratio Rank of MANA-USD is 4242
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9090
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8686
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MANA-USD vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Decentraland (MANA-USD) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current MANA-USD Sharpe Ratio is -0.38, which is lower than the BTC-USD Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of MANA-USD and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

MANA-USD vs. BTC-USD - Drawdown Comparison

The maximum MANA-USD drawdown since its inception was -96.24%, roughly equal to the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for MANA-USD and BTC-USD.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

MANA-USD vs. BTC-USD - Volatility Comparison

Decentraland (MANA-USD) has a higher volatility of 25.48% compared to Bitcoin (BTC-USD) at 10.39%. This indicates that MANA-USD's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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