WhiteBIT Coin (WBT) is 2.5× the size of Gram (prev. Toncoin) (GRAM) by market capitalisation. Their daily returns move loosely together (correlation 0.56 across 67 shared trading days). Both have run at a similar volatility, around 63% annualised.
WBTGRAM
0.56over 67 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 | GRAM |
|---|---|---|
| Max drawdown (400d) | -26.8% | -42.8% |
| Risk-adjusted return (90d) | 0.19 | -0.34 |
Relative strength over 90 days: WBT outperformed GRAM by 44.3% — measured on the WBT/GRAM ratio, so it holds regardless of market direction.