MANA-USD vs. CHZ-USD
MANA-USD (Decentraland) and CHZ-USD (Chiliz) are both cryptocurrencies. Over the past 5 years, MANA-USD returned -36.00%/yr vs -41.14%/yr for CHZ-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
MANA-USD vs. CHZ-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MANA-USD achieves a -42.46% return, which is significantly higher than CHZ-USD's -59.82% return.
MANA-USD
- 1D
- -1.13%
- 1M
- 4.33%
- 6M
- -50.04%
- YTD
- -42.46%
- 1Y
- -77.17%
- 3Y*
- -45.98%
- 5Y*
- -36.00%
- 10Y*
- —
CHZ-USD
- 1D
- -2.00%
- 1M
- -34.54%
- 6M
- -65.11%
- YTD
- -59.82%
- 1Y
- -57.40%
- 3Y*
- -41.39%
- 5Y*
- -41.14%
- 10Y*
- —
MANA-USD vs. CHZ-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MANA-USD Decentraland | -42.46% | -73.97% | -10.59% | 75.55% | -90.91% | 4,072.47% | 159.63% | -38.77% |
CHZ-USD Chiliz | -59.82% | -48.35% | -5.33% | -13.79% | -64.67% | 1,223.46% | 202.05% | -58.87% |
Correlation
The correlation between MANA-USD and CHZ-USD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019 | 0.67 |
The correlation between MANA-USD and CHZ-USD has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
MANA-USD vs. CHZ-USD — Risk / Return Rank
MANA-USD
CHZ-USD
MANA-USD vs. CHZ-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Decentraland (MANA-USD) and Chiliz (CHZ-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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MANA-USD | CHZ-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.93 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.79 | -0.14 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.68 | +0.38 |
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Drawdowns
MANA-USD vs. CHZ-USD - Drawdown Comparison
The maximum MANA-USD drawdown since its inception was -98.80%, roughly equal to the maximum CHZ-USD drawdown of -97.83%. Use the drawdown chart below to compare losses from any high point for MANA-USD and CHZ-USD.
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Drawdown Indicators
| MANA-USD | CHZ-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.80% | -97.83% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -83.13% | -72.86% | -10.27% |
Max Drawdown (3Y)Largest decline over 3 years | -92.05% | -89.91% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -98.80% | -97.03% | -1.77% |
Current DrawdownCurrent decline from peak | -98.65% | -97.81% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -78.86% | -72.71% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.58% | 36.84% | +18.74% |
Volatility
MANA-USD vs. CHZ-USD - Volatility Comparison
Decentraland (MANA-USD) has a higher volatility of 24.42% compared to Chiliz (CHZ-USD) at 17.91%. This indicates that MANA-USD's price experiences larger fluctuations and is considered to be riskier than CHZ-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MANA-USD | CHZ-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.42% | 17.91% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 55.60% | 68.38% | -12.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.30% | 75.67% | -7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.81% | 83.89% | +18.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.76% | 109.36% | +62.40% |
Frequently Asked Questions
MANA-USD and CHZ-USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANA-USD has higher volatility (24.42%) compared to CHZ-USD (17.91%). In terms of maximum drawdown, MANA-USD dropped -98.80% vs CHZ-USD's -97.83%.
CHZ-USD currently has the higher Sharpe Ratio (-0.63 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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