Gods Unchained (GODS) is 174.2× the size of W3GG (W3GG) by market capitalisation. Over the past 1 year, GODS is ahead by 12.9 percentage points (W3GG -93.9% against GODS -81.1%). Their daily returns move barely together (correlation 0.20 across 371 shared trading days). Both have run at a similar volatility, around 96% annualised.
W3GGGODS
0.20over 371 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 | W3GG | GODS |
|---|---|---|
| Max drawdown (400d) | -94.9% | -83.1% |
| Risk-adjusted return (90d) | -0.22 | -0.14 |
| Best 30 days (past year) | +49.0% | +25.9% |
| Worst 30 days (past year) | -49.2% | -40.3% |
Relative strength over 90 days: GODS outperformed W3GG by 8.5% — measured on the W3GG/GODS ratio, so it holds regardless of market direction.