Wrapped fragSOL vs WrappedM by M0

WrappedM by M0 (WM) is 38.1× the size of Wrapped fragSOL (WFRAGSOL) by market capitalisation. Over the past 30 days, WM is ahead by 5.7 percentage points (WFRAGSOL -5.8% against WM -0.1%). Their daily returns move loosely together (correlation 0.46 across 29 shared trading days). WFRAGSOL has been the more volatile of the two, at 114% annualised against WM's 0%.

Correlation: 0.46
Size ratio: 1 : 38.1
Ahead over 30 days: WM

Wrapped fragSOLWFRAGSOL

$101.2900

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

WrappedM by M0WM

$0.998835

24h: +0.01%
Market cap: $74.61M
Volume 24h: $127
Volatility (ann.): 0%

WFRAGSOL 2.6%Share of the two combined market caps97.4% WM

Performance

WFRAGSOLWM

7 days-19.59%+0.03%WM
30 days-5.78%-0.08%WM

Correlation

0.46over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	WM
Max drawdown (400d)	-23.3%	-0.1%
Risk-adjusted return (90d)	-0.10	-0.10

Relative strength over 90 days: WM outperformed WFRAGSOL by 11.6% — measured on the WFRAGSOL/WM ratio, so it holds regardless of market direction.

Wrapped fragSOL →WrappedM by M0 →