Zerebro (ZEREBRO) is 215.7× the size of Wakehacker by Virtuals (WAKEAI) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 25 shared trading days). WAKEAI has been the more volatile of the two, at 120% annualised against ZEREBRO's 81%.
WAKEAIZEREBRO
0.43over 25 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 | WAKEAI | ZEREBRO |
|---|---|---|
| Max drawdown (400d) | -44.8% | -41.6% |
| Risk-adjusted return (90d) | 0.06 | -0.45 |
Relative strength over 90 days: WAKEAI outperformed ZEREBRO by 30.9% — measured on the WAKEAI/ZEREBRO ratio, so it holds regardless of market direction.