Wrapped gBera vs Wrapped stASTR

Wrapped gBera (WGBERA) is 3.2× the size of Wrapped stASTR (WSTASTR) by market capitalisation. Over the past 30 days, WGBERA is ahead by 6.9 percentage points (WGBERA +30.4% against WSTASTR +23.6%). Their daily returns move barely together (correlation 0.30 across 27 shared trading days). Both have run at a similar volatility, around 88% annualised.

Correlation: 0.30
Size ratio: 3.2×
Ahead over 30 days: WGBERA

Wrapped gBeraWGBERA

$0.127362

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

Wrapped stASTRWSTASTR

$0.005795

24h: -2.35%
Market cap: $142,976
Volume 24h: $9
Volatility (ann.): 83%

WGBERA 76.1%Share of the two combined market caps23.9% WSTASTR

Performance

WGBERAWSTASTR

7 days+6.22%-6.39%WGBERA
30 days+30.43%+23.56%WGBERA

Correlation

0.30over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	WSTASTR
Max drawdown (400d)	-9.9%	-11.8%
Risk-adjusted return (90d)	0.32	0.29

Relative strength over 90 days: WGBERA outperformed WSTASTR by 4.7% — measured on the WGBERA/WSTASTR ratio, so it holds regardless of market direction.

Wrapped gBera →Wrapped stASTR →