Bitget Wrapped BTC vs Wrapped Gonka

Bitget Wrapped BTC (BGBTC) is 57.7× the size of Wrapped Gonka (WGNK) by market capitalisation. Over the past 30 days, WGNK is ahead by 31.1 percentage points (BGBTC +4.2% against WGNK +35.3%). Their daily returns move loosely together (correlation 0.53 across 37 shared trading days). WGNK has been the more volatile of the two, at 169% annualised against BGBTC's 49%.

Correlation: 0.53
Size ratio: 57.7×
Ahead over 30 days: WGNK

Bitget Wrapped BTCBGBTC

$80,431

24h: +2.64%
Market cap: $111.32M
Volume 24h: $67,499
Volatility (ann.): 49%

Wrapped GonkaWGNK

$0.174767

24h: +10.95%
Market cap: $1.93M
Volume 24h: $77,863
Volatility (ann.): 169%

BGBTC 98.3%Share of the two combined market caps1.7% WGNK

Performance

BGBTCWGNK

7 days-1.09%+4.76%WGNK
30 days+4.23%+35.29%WGNK

Correlation

0.53over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	WGNK
Max drawdown (400d)	-9.1%	-38.9%
Risk-adjusted return (90d)	0.51	0.28

Relative strength over 90 days: WGNK outperformed BGBTC by 29.8% — measured on the BGBTC/WGNK ratio, so it holds regardless of market direction.

Bitget Wrapped BTC →Wrapped Gonka →