0G (0G) is 1.2× the size of Walrus (WAL) by market capitalisation. Over the past 1 year, WAL is ahead by 0.5 percentage points (WAL -86.0% against 0G -86.4%). Their daily returns move barely together (correlation 0.29 across 391 shared trading days). Both have run at a similar volatility, around 116% annualised.
WAL0G
0.29over 391 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 | WAL | 0G |
|---|---|---|
| Max drawdown (400d) | -92.1% | -95.9% |
| Risk-adjusted return (90d) | 0.10 | 0.10 |
| Best 30 days (past year) | +103.6% | +99.1% |
| Worst 30 days (past year) | -63.9% | -53.0% |
Relative strength over 90 days: WAL outperformed 0G by 3.2% — measured on the WAL/0G ratio, so it holds regardless of market direction.