OpesAI (WPE) and WrappedM by M0 (WM) compared side by side. Over the past 30 days, WM is ahead by 21.2 percentage points (WPE -21.3% against WM -0.1%). Their daily returns move loosely in opposite directions (correlation -0.38 across 21 shared trading days). WPE has been the more volatile of the two, at 45% annualised against WM's 0%.
WPEWM
-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 | WM |
|---|---|---|
| Max drawdown (400d) | -24.8% | -0.1% |
| Risk-adjusted return (90d) | -0.49 | -0.10 |
Relative strength over 90 days: WM outperformed WPE by 6.3% — measured on the WPE/WM ratio, so it holds regardless of market direction.