WhiteBIT Coin (WBT) is 1.3× the size of Cardano (ADA) by market capitalisation. Their daily returns move closely together (correlation 0.67 across 58 shared trading days). ADA has been the more volatile of the two, at 78% annualised against WBT's 59%.
WBTADA
0.67over 58 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 | WBT | ADA |
|---|---|---|
| Max drawdown (400d) | -12.4% | -83.5% |
| Risk-adjusted return (90d) | 0.62 | -0.01 |
| Best 30 days (past year) | — | +38.4% |
| Worst 30 days (past year) | — | -42.7% |
Relative strength over 90 days: WBT outperformed ADA by 25.9% — measured on the WBT/ADA ratio, so it holds regardless of market direction.