Wrapped gBera vs Bitget Wrapped BTC

Bitget Wrapped BTC (BGBTC) is 239.0× the size of Wrapped gBera (WGBERA) by market capitalisation. Over the past 30 days, WGBERA is ahead by 29.7 percentage points (WGBERA +30.4% against BGBTC +0.8%). Their daily returns move closely together (correlation 0.79 across 22 shared trading days). WGBERA has been the more volatile of the two, at 94% annualised against BGBTC's 48%.

Correlation: 0.79
Size ratio: 1 : 239.0
Ahead over 30 days: WGBERA

Wrapped gBeraWGBERA

$0.127362

24h: -2.78%
Market cap: $454,149
Volume 24h: $7
Volatility (ann.): 94%

Bitget Wrapped BTCBGBTC

$78,447

24h: +1.32%
Market cap: $108.55M
Volume 24h: $92,083
Volatility (ann.): 48%

WGBERA 0.4%Share of the two combined market caps99.6% BGBTC

Performance

WGBERABGBTC

7 days+6.22%-3.64%WGBERA
30 days+30.43%+0.77%WGBERA

Correlation

0.79over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	WGBERA	BGBTC
Max drawdown (400d)	-9.9%	-9.1%
Risk-adjusted return (90d)	0.32	0.42

Relative strength over 90 days: WGBERA outperformed BGBTC by 13.6% — measured on the WGBERA/BGBTC ratio, so it holds regardless of market direction.

Wrapped gBera →Bitget Wrapped BTC →