Shack Token vs Wexo

Wexo (WEXO) is 2.2× the size of Shack Token (SHACK) by market capitalisation. Over the past 30 days, WEXO is ahead by 270.7 percentage points (SHACK -54.7% against WEXO +216.0%). Their daily returns move barely in opposite directions (correlation -0.21 across 33 shared trading days). WEXO has been the more volatile of the two, at 550% annualised against SHACK's 161%.

Correlation: -0.21
Size ratio: 1 : 2.2
Ahead over 30 days: WEXO

Shack TokenSHACK

$0.000618

24h: -14.49%
Market cap: $598,752
Volume 24h: $2,657
Volatility (ann.): 161%

WexoWEXO

$0.003936

24h: -4.35%
Market cap: $1.32M
Volume 24h: $26,528
Volatility (ann.): 550%

SHACK 31.2%Share of the two combined market caps68.8% WEXO

Performance

SHACKWEXO

7 days-22.91%+213.27%WEXO
30 days-54.71%+215.98%WEXO

Correlation

-0.21over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	SHACK	WEXO
Max drawdown (400d)	-61.3%	-32.6%
Risk-adjusted return (90d)	-0.34	0.25

Relative strength over 90 days: WEXO outperformed SHACK by 83.2% — measured on the SHACK/WEXO ratio, so it holds regardless of market direction.

Shack Token →Wexo →