Internet Computer (ICP) is 1618.5× the size of 717ai by Virtuals (WIRE) by market capitalisation. Their daily returns move closely together (correlation 0.63 across 40 shared trading days). WIRE has been the more volatile of the two, at 144% annualised against ICP's 108%.
WIREICP
0.63over 40 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 | WIRE | ICP |
|---|---|---|
| Max drawdown (400d) | -36.8% | -77.4% |
| Risk-adjusted return (90d) | -0.21 | 0.29 |
| Best 30 days (past year) | — | +49.6% |
| Worst 30 days (past year) | — | -62.1% |
Relative strength over 90 days: ICP outperformed WIRE by 35.3% — measured on the WIRE/ICP ratio, so it holds regardless of market direction.