Bitget Wrapped BTC vs Wrapped Hypertensor

Bitget Wrapped BTC (BGBTC) is 14.0× the size of Wrapped Hypertensor (TENSOR) by market capitalisation. Over the past 30 days, BGBTC is ahead by 0.4 percentage points (BGBTC +0.8% against TENSOR +0.3%). Their daily returns move barely together (correlation 0.33 across 34 shared trading days). TENSOR has been the more volatile of the two, at 64% annualised against BGBTC's 48%.

Correlation: 0.33
Size ratio: 14.0×
Ahead over 30 days: BGBTC

Bitget Wrapped BTCBGBTC

$78,325

24h: +2.19%
Market cap: $108.40M
Volume 24h: $173,457
Volatility (ann.): 48%

Wrapped HypertensorTENSOR

$8.7200

24h: —
Market cap: $7.76M
Volume 24h: $1,530
Volatility (ann.): 64%

BGBTC 93.3%Share of the two combined market caps6.7% TENSOR

Performance

BGBTCTENSOR

7 days-3.64%-8.00%BGBTC
30 days+0.77%+0.34%BGBTC

Correlation

0.33over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	TENSOR
Max drawdown (400d)	-9.1%	-18.0%
Risk-adjusted return (90d)	0.42	-0.23

Relative strength over 90 days: BGBTC outperformed TENSOR by 17.1% — measured on the BGBTC/TENSOR ratio, so it holds regardless of market direction.

Bitget Wrapped BTC →Wrapped Hypertensor →