OpesAI (WPE) and Bitget Wrapped BTC (BGBTC) compared side by side. Over the past 30 days, BGBTC is ahead by 22.1 percentage points (WPE -21.3% against BGBTC +0.8%). Their daily returns move loosely together (correlation 0.38 across 21 shared trading days). Both have run at a similar volatility, around 47% annualised.
WPEBGBTC
0.38over 21 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 | WPE | BGBTC |
|---|---|---|
| Max drawdown (400d) | -24.8% | -9.1% |
| Risk-adjusted return (90d) | -0.49 | 0.42 |
Relative strength over 90 days: BGBTC outperformed WPE by 1.9% — measured on the WPE/BGBTC ratio, so it holds regardless of market direction.