Render (RENDER) is 6782.1× the size of Wicrypt (WNT) by market capitalisation. Over the past 1 year, RENDER is ahead by 76.6 percentage points (WNT -90.4% against RENDER -13.9%). Their daily returns move barely together (correlation 0.20 across 369 shared trading days). WNT has been the more volatile of the two, at 179% annualised against RENDER's 95%.
WNTRENDER
0.20over 369 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 | WNT | RENDER |
|---|---|---|
| Max drawdown (400d) | -95.5% | -66.8% |
| Risk-adjusted return (90d) | -0.22 | 0.26 |
| Best 30 days (past year) | +442.0% | +82.4% |
| Worst 30 days (past year) | -75.5% | -49.7% |
Relative strength over 90 days: RENDER outperformed WNT by 54.8% — measured on the WNT/RENDER ratio, so it holds regardless of market direction.