Bitget Wrapped BTC vs Wrapped AyeAyeCoin

Bitget Wrapped BTC (BGBTC) is 34.0× the size of Wrapped AyeAyeCoin (WAAC) by market capitalisation. Over the past 30 days, BGBTC is ahead by 20.7 percentage points (BGBTC +0.8% against WAAC -19.9%). Their daily returns move barely together (correlation 0.12 across 32 shared trading days). WAAC has been the more volatile of the two, at 212% annualised against BGBTC's 48%.

Correlation: 0.12
Size ratio: 34.0×
Ahead over 30 days: BGBTC

Bitget Wrapped BTCBGBTC

$78,385

24h: +2.38%
Market cap: $108.48M
Volume 24h: $173,479
Volatility (ann.): 48%

Wrapped AyeAyeCoinWAAC

$0.532145

24h: -1.06%
Market cap: $3.19M
Volume 24h: $437
Volatility (ann.): 212%

BGBTC 97.1%Share of the two combined market caps2.9% WAAC

Performance

BGBTCWAAC

7 days-3.64%+4.79%WAAC
30 days+0.77%-19.91%BGBTC

Correlation

0.12over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	BGBTC	WAAC
Max drawdown (400d)	-9.1%	-39.6%
Risk-adjusted return (90d)	0.42	-0.05

Relative strength over 90 days: BGBTC outperformed WAAC by 9.8% — measured on the BGBTC/WAAC ratio, so it holds regardless of market direction.

Bitget Wrapped BTC →Wrapped AyeAyeCoin →