Wrapped BMX Liquidity Token vs Wrapped BaseDOGE

Wrapped BMX Liquidity Token (WBLT) is 4.7× the size of Wrapped BaseDOGE (WBASEDOGE) by market capitalisation. Over the past 30 days, WBLT is ahead by 37.1 percentage points (WBLT -2.1% against WBASEDOGE -39.2%). Their daily returns move barely together (correlation 0.18 across 35 shared trading days). WBASEDOGE has been the more volatile of the two, at 85% annualised against WBLT's 26%.

Correlation: 0.18
Size ratio: 4.7×
Ahead over 30 days: WBLT

Wrapped BMX Liquidity TokenWBLT

$0.529906

24h: +4.31%
Market cap: $91,145
Volume 24h: $538
Volatility (ann.): 26%

Wrapped BaseDOGEWBASEDOGE

$6.672e-8

24h: -5.71%
Market cap: $19,507
Volume 24h: $45
Volatility (ann.): 85%

WBLT 82.4%Share of the two combined market caps17.6% WBASEDOGE

Performance

WBLTWBASEDOGE

7 days-0.19%-19.57%WBLT
30 days-2.12%-39.21%WBLT

Correlation

0.18over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	WBLT	WBASEDOGE
Max drawdown (400d)	-6.4%	-41.3%
Risk-adjusted return (90d)	-0.10	-0.42

Relative strength over 90 days: WBLT outperformed WBASEDOGE by 51.8% — measured on the WBLT/WBASEDOGE ratio, so it holds regardless of market direction.

Wrapped BMX Liquidity Token →Wrapped BaseDOGE →