WhiteBIT Coin (WBT) is 1.1× the size of Chainlink (LINK) by market capitalisation. Their daily returns move closely together (correlation 0.62 across 31 shared trading days). Both have run at a similar volatility, around 72% annualised.
| Period | WBT | LINK | Ahead |
|---|---|---|---|
| 7 days | -2.10% | +7.91% | LINK |
| 30 days | +45.54% | +16.14% | WBT |
| 90 days | — | +59.55% | — |
| 1 year | — | -47.09% | — |
| Metric | WBT | LINK |
|---|---|---|
| Max drawdown (400d) | -4.0% | -73.1% |
| Risk-adjusted return (90d) | 0.64 | 0.95 |
| Best 30 days (past year) | — | +61.6% |
| Worst 30 days (past year) | — | -43.6% |
Relative strength over 90 days: WBT outperformed LINK by 25.5% — measured on the WBT/LINK ratio, so it holds regardless of market direction.
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.