Wingbits vs Grass

Grass (GRASS) is 207.2× the size of Wingbits (WINGS) by market capitalisation. Over the past 30 days, GRASS is ahead by 114.4 percentage points (WINGS -42.0% against GRASS +72.4%). Their daily returns move barely in opposite directions (correlation -0.10 across 31 shared trading days). GRASS has been the more volatile of the two, at 213% annualised against WINGS's 111%.

Correlation: -0.10
Size ratio: 1 : 207.2
Ahead over 30 days: GRASS

WingbitsWINGS

$0.002122

24h: +2.05%
Market cap: $2.09M
Volume 24h: $102,920
Volatility (ann.): 111%

GrassGRASS

$0.600159

24h: +7.10%
Market cap: $433.29M
Volume 24h: $21.06M
Volatility (ann.): 213%

WINGS 0.5%Share of the two combined market caps99.5% GRASS

Performance

WINGSGRASS

7 days-16.86%-23.53%WINGS
30 days-41.98%+72.43%GRASS

Correlation

-0.10over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: insufficient data1y: insufficient data

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.

Risk & extremes

Metric	WINGS	GRASS
Max drawdown (400d)	-50.6%	-25.3%
Risk-adjusted return (90d)	-0.39	0.35

Relative strength over 90 days: GRASS outperformed WINGS by 63.8% — measured on the WINGS/GRASS ratio, so it holds regardless of market direction.

Wingbits →Grass →