Wrapped Gonka vs Wrapped fragSOL

Wrapped fragSOL (WFRAGSOL) is 1.1× the size of Wrapped Gonka (WGNK) by market capitalisation. Over the past 30 days, WGNK is ahead by 28.5 percentage points (WGNK +22.7% against WFRAGSOL -5.8%). Their daily returns move barely in opposite directions (correlation -0.02 across 36 shared trading days). WGNK has been the more volatile of the two, at 167% annualised against WFRAGSOL's 114%.

Correlation: -0.02
Size ratio: 1 : 1.1
Ahead over 30 days: WGNK

Wrapped GonkaWGNK

$0.157524

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

Wrapped fragSOLWFRAGSOL

$101.2900

24h: -2.72%
Market cap: $1.96M
Volume 24h: $383
Volatility (ann.): 114%

WGNK 46.7%Share of the two combined market caps53.3% WFRAGSOL

Performance

WGNKWFRAGSOL

7 days-2.37%-19.59%WGNK
30 days+22.71%-5.78%WGNK

Correlation

-0.02over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	WFRAGSOL
Max drawdown (400d)	-38.9%	-23.3%
Risk-adjusted return (90d)	0.19	-0.10

Relative strength over 90 days: WGNK outperformed WFRAGSOL by 44.5% — measured on the WGNK/WFRAGSOL ratio, so it holds regardless of market direction.

Wrapped Gonka →Wrapped fragSOL →