Nest WisdomTree Vault vs Nest BlackOpal LiquidStone II Vault

Nest BlackOpal LiquidStone II Vault (NOPAL) is 7376.0× the size of Nest WisdomTree Vault (NWISDOM) by market capitalisation. Over the past 30 days, NOPAL is ahead by 5.6 percentage points (NWISDOM -4.4% against NOPAL +1.3%). Their daily returns move closely in opposite directions (correlation -0.74 across 23 shared trading days). NWISDOM has been the more volatile of the two, at 4% annualised against NOPAL's 2%.

Correlation: -0.74
Size ratio: 1 : 7376.0
Ahead over 30 days: NOPAL

Nest WisdomTree VaultNWISDOM

$0.892578

24h: +0.00%
Market cap: $15,750
Volume 24h: —
Volatility (ann.): 4%

Nest BlackOpal LiquidStone II VaultNOPAL

$1.1100

24h: +0.04%
Market cap: $116.17M
Volume 24h: —
Volatility (ann.): 2%

NWISDOM 0.0%Share of the two combined market caps100.0% NOPAL

Performance

NWISDOMNOPAL

7 days-1.64%+0.00%NOPAL
30 days-4.36%+1.28%NOPAL

Correlation

-0.74over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	NWISDOM	NOPAL
Max drawdown (400d)	-5.1%	0.0%
Risk-adjusted return (90d)	-1.23	0.82

Relative strength over 90 days: NOPAL outperformed NWISDOM by 5.1% — measured on the NWISDOM/NOPAL ratio, so it holds regardless of market direction.

Nest WisdomTree Vault →Nest BlackOpal LiquidStone II Vault →