Wrapped fragSOL vs Bitget Wrapped BTC

Bitget Wrapped BTC (BGBTC) is 56.8× the size of Wrapped fragSOL (WFRAGSOL) by market capitalisation. Over the past 30 days, BGBTC is ahead by 6.5 percentage points (WFRAGSOL -5.8% against BGBTC +0.8%). Their daily returns move closely together (correlation 0.78 across 29 shared trading days). WFRAGSOL has been the more volatile of the two, at 114% annualised against BGBTC's 48%.

Correlation: 0.78
Size ratio: 1 : 56.8
Ahead over 30 days: BGBTC

Wrapped fragSOLWFRAGSOL

$101.2900

24h: -2.72%
Market cap: $1.96M
Volume 24h: $383
Volatility (ann.): 114%

Bitget Wrapped BTCBGBTC

$80,254

24h: +3.38%
Market cap: $111.07M
Volume 24h: $55,662
Volatility (ann.): 48%

WFRAGSOL 1.7%Share of the two combined market caps98.3% BGBTC

Performance

WFRAGSOLBGBTC

7 days-19.59%-3.64%BGBTC
30 days-5.78%+0.77%BGBTC

Correlation

0.78over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7890d: 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	WFRAGSOL	BGBTC
Max drawdown (400d)	-23.3%	-9.1%
Risk-adjusted return (90d)	-0.10	0.42

Relative strength over 90 days: BGBTC outperformed WFRAGSOL by 10.5% — measured on the WFRAGSOL/BGBTC ratio, so it holds regardless of market direction.

Wrapped fragSOL →Bitget Wrapped BTC →