Wrapped Gonka vs Wrapped AyeAyeCoin

Wrapped AyeAyeCoin (WAAC) is 1.9× the size of Wrapped Gonka (WGNK) by market capitalisation. Over the past 30 days, WGNK is ahead by 42.6 percentage points (WGNK +22.7% against WAAC -19.9%). Their daily returns move barely together (correlation 0.35 across 39 shared trading days). WAAC has been the more volatile of the two, at 212% annualised against WGNK's 167%.

Correlation: 0.35
Size ratio: 1 : 1.9
Ahead over 30 days: WGNK

Wrapped GonkaWGNK

$0.157524

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

Wrapped AyeAyeCoinWAAC

$0.532145

24h: -1.06%
Market cap: $3.19M
Volume 24h: $437
Volatility (ann.): 212%

WGNK 34.9%Share of the two combined market caps65.1% WAAC

Performance

WGNKWAAC

7 days-2.37%+4.79%WAAC
30 days+22.71%-19.91%WGNK

Correlation

0.35over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3690d: 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	WAAC
Max drawdown (400d)	-38.9%	-39.6%
Risk-adjusted return (90d)	0.19	-0.05

Relative strength over 90 days: WGNK outperformed WAAC by 42.0% — measured on the WGNK/WAAC ratio, so it holds regardless of market direction.

Wrapped Gonka →Wrapped AyeAyeCoin →