Wrapped fragSOL vs Wrapped AyeAyeCoin

Wrapped AyeAyeCoin (WAAC) is 1.6× the size of Wrapped fragSOL (WFRAGSOL) by market capitalisation. Over the past 30 days, WFRAGSOL is ahead by 14.1 percentage points (WFRAGSOL -5.8% against WAAC -19.9%). Their daily returns move barely together (correlation 0.15 across 37 shared trading days). WAAC has been the more volatile of the two, at 212% annualised against WFRAGSOL's 114%.

Correlation: 0.15
Size ratio: 1 : 1.6
Ahead over 30 days: WFRAGSOL

Wrapped fragSOLWFRAGSOL

$101.2900

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

Wrapped AyeAyeCoinWAAC

$0.532145

24h: -1.06%
Market cap: $3.19M
Volume 24h: $437
Volatility (ann.): 212%

WFRAGSOL 38.0%Share of the two combined market caps62.0% WAAC

Performance

WFRAGSOLWAAC

7 days-19.59%+4.79%WAAC
30 days-5.78%-19.91%WFRAGSOL

Correlation

0.15over 37 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	WAAC
Max drawdown (400d)	-23.3%	-39.6%
Risk-adjusted return (90d)	-0.10	-0.05

Relative strength over 90 days: WAAC outperformed WFRAGSOL by 1.7% — measured on the WFRAGSOL/WAAC ratio, so it holds regardless of market direction.

Wrapped fragSOL →Wrapped AyeAyeCoin →