Worldcoin (WLD) is 6.8× the size of Ethereum Name Service (ENS) by market capitalisation. Over the past 1 year, WLD is ahead by 15.6 percentage points (ENS -63.7% against WLD -48.1%). Their daily returns move closely together (correlation 0.61 across 399 shared trading days). WLD has been the more volatile of the two, at 125% annualised against ENS's 82%.
ENSWLD
0.61over 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 | ENS | WLD |
|---|---|---|
| Max drawdown (400d) | -82.4% | -82.7% |
| Risk-adjusted return (90d) | 0.17 | 0.17 |
| Best 30 days (past year) | +48.0% | +186.2% |
| Worst 30 days (past year) | -51.6% | -45.6% |
Relative strength over 90 days: WLD outperformed ENS by 3.2% — measured on the ENS/WLD ratio, so it holds regardless of market direction.