Bitget Wrapped BTC vs Wrapped fragSOL

Bitget Wrapped BTC (BGBTC) is 55.5× the size of Wrapped fragSOL (WFRAGSOL) by market capitalisation. Over the past 30 days, BGBTC is ahead by 6.5 percentage points (BGBTC +0.8% against WFRAGSOL -5.8%). Their daily returns move closely together (correlation 0.78 across 29 shared trading days). WFRAGSOL has been the more volatile of the two, at 114% annualised against BGBTC's 48%.

Correlation: 0.78
Size ratio: 55.5×
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 fragSOLWFRAGSOL

$101.2900

24h: -2.72%
Market cap: $1.96M
Volume 24h: $383
Volatility (ann.): 114%

BGBTC 98.2%Share of the two combined market caps1.8% WFRAGSOL

Performance

BGBTCWFRAGSOL

7 days-3.64%-19.59%BGBTC
30 days+0.77%-5.78%BGBTC

Correlation

0.78over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7890d: 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	WFRAGSOL
Max drawdown (400d)	-9.1%	-23.3%
Risk-adjusted return (90d)	0.42	-0.10

Relative strength over 90 days: BGBTC outperformed WFRAGSOL by 11.8% — measured on the BGBTC/WFRAGSOL ratio, so it holds regardless of market direction.

Bitget Wrapped BTC →Wrapped fragSOL →