Worldcoin (WLD) is 126.7× the size of ICON (ICX) by market capitalisation. Over the past 1 year, WLD is ahead by 44.7 percentage points (ICX -92.8% against WLD -48.1%). Their daily returns move loosely together (correlation 0.54 across 337 shared trading days). WLD has been the more volatile of the two, at 125% annualised against ICX's 78%.
ICXWLD
0.54over 337 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 | ICX | WLD |
|---|---|---|
| Max drawdown (400d) | -93.0% | -82.7% |
| Risk-adjusted return (90d) | -0.98 | 0.17 |
| Best 30 days (past year) | — | +186.2% |
| Worst 30 days (past year) | — | -45.6% |
Relative strength over 90 days: WLD outperformed ICX by 62.2% — measured on the ICX/WLD ratio, so it holds regardless of market direction.