Wrapped Gonka vs Bitget Wrapped BTC

Bitget Wrapped BTC (BGBTC) is 63.4× the size of Wrapped Gonka (WGNK) by market capitalisation. Over the past 30 days, WGNK is ahead by 21.9 percentage points (WGNK +22.7% against BGBTC +0.8%). Their daily returns move loosely together (correlation 0.51 across 36 shared trading days). WGNK has been the more volatile of the two, at 167% annualised against BGBTC's 48%.

Correlation: 0.51
Size ratio: 1 : 63.4
Ahead over 30 days: WGNK

Wrapped GonkaWGNK

$0.157524

24h: +9.30%
Market cap: $1.71M
Volume 24h: $51,051
Volatility (ann.): 167%

Bitget Wrapped BTCBGBTC

$78,306

24h: +1.97%
Market cap: $108.37M
Volume 24h: $173,438
Volatility (ann.): 48%

WGNK 1.6%Share of the two combined market caps98.4% BGBTC

Performance

WGNKBGBTC

7 days-2.37%-3.64%WGNK
30 days+22.71%+0.77%WGNK

Correlation

0.51over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5190d: 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	WGNK	BGBTC
Max drawdown (400d)	-38.9%	-9.1%
Risk-adjusted return (90d)	0.19	0.42

Relative strength over 90 days: WGNK outperformed BGBTC by 31.0% — measured on the WGNK/BGBTC ratio, so it holds regardless of market direction.

Wrapped Gonka →Bitget Wrapped BTC →