Shadow Liquid Staking Token vs Wrapped stASTR

Shadow Liquid Staking Token (X33) is 5.7× the size of Wrapped stASTR (WSTASTR) by market capitalisation. Over the past 30 days, WSTASTR is ahead by 34.5 percentage points (X33 -10.9% against WSTASTR +23.6%). Their daily returns move barely together (correlation 0.26 across 27 shared trading days). X33 has been the more volatile of the two, at 120% annualised against WSTASTR's 83%.

Correlation: 0.26
Size ratio: 5.7×
Ahead over 30 days: WSTASTR

Shadow Liquid Staking TokenX33

$2.3300

24h: -3.18%
Market cap: $815,403
Volume 24h: $4,371
Volatility (ann.): 120%

Wrapped stASTRWSTASTR

$0.005795

24h: -2.35%
Market cap: $142,976
Volume 24h: $9
Volatility (ann.): 83%

X33 85.1%Share of the two combined market caps14.9% WSTASTR

Performance

X33WSTASTR

7 days-17.33%-6.39%WSTASTR
30 days-10.89%+23.56%WSTASTR

Correlation

0.26over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	X33	WSTASTR
Max drawdown (400d)	-30.8%	-11.8%
Risk-adjusted return (90d)	0.09	0.29

Relative strength over 90 days: X33 outperformed WSTASTR by 3.5% — measured on the X33/WSTASTR ratio, so it holds regardless of market direction.

Shadow Liquid Staking Token →Wrapped stASTR →