Bio Protocol (BIO) is 2.6× the size of WalletConnect Token (WCT) by market capitalisation. Over the past 1 year, WCT is ahead by 1.3 percentage points (WCT -72.1% against BIO -73.4%). Their daily returns move loosely together (correlation 0.41 across 399 shared trading days). BIO has been the more volatile of the two, at 137% annualised against WCT's 101%.
WCTBIO
0.41over 399 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 | WCT | BIO |
|---|---|---|
| Max drawdown (400d) | -87.2% | -89.5% |
| Risk-adjusted return (90d) | -0.08 | -0.17 |
| Best 30 days (past year) | +38.2% | +253.8% |
| Worst 30 days (past year) | -58.5% | -52.7% |
Relative strength over 90 days: WCT outperformed BIO by 10.0% — measured on the WCT/BIO ratio, so it holds regardless of market direction.