Wrapped gBera vs WrappedM by M0

WrappedM by M0 (WM) is 164.3× the size of Wrapped gBera (WGBERA) by market capitalisation. Over the past 30 days, WGBERA is ahead by 30.5 percentage points (WGBERA +30.4% against WM -0.1%). Their daily returns move loosely together (correlation 0.49 across 22 shared trading days). WGBERA has been the more volatile of the two, at 94% annualised against WM's 0%.

Correlation: 0.49
Size ratio: 1 : 164.3
Ahead over 30 days: WGBERA

Wrapped gBeraWGBERA

$0.127362

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

WrappedM by M0WM

$0.998835

24h: +0.03%
Market cap: $74.61M
Volume 24h: $127
Volatility (ann.): 0%

WGBERA 0.6%Share of the two combined market caps99.4% WM

Performance

WGBERAWM

7 days+6.22%+0.03%WGBERA
30 days+30.43%-0.08%WGBERA

Correlation

0.49over 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	WM
Max drawdown (400d)	-9.9%	-0.1%
Risk-adjusted return (90d)	0.32	-0.10

Relative strength over 90 days: WGBERA outperformed WM by 20.2% — measured on the WGBERA/WM ratio, so it holds regardless of market direction.

Wrapped gBera →WrappedM by M0 →