Wrapped Gonka vs Wrapped Hypertensor

Wrapped Hypertensor (TENSOR) is 4.5× the size of Wrapped Gonka (WGNK) by market capitalisation. Over the past 30 days, WGNK is ahead by 22.4 percentage points (WGNK +22.7% against TENSOR +0.3%). Their daily returns move barely together (correlation 0.32 across 41 shared trading days). WGNK has been the more volatile of the two, at 167% annualised against TENSOR's 64%.

Correlation: 0.32
Size ratio: 1 : 4.5
Ahead over 30 days: WGNK

Wrapped GonkaWGNK

$0.157524

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

Wrapped HypertensorTENSOR

$8.7200

24h: —
Market cap: $7.76M
Volume 24h: $1,530
Volatility (ann.): 64%

WGNK 18.1%Share of the two combined market caps81.9% TENSOR

Performance

WGNKTENSOR

7 days-2.37%-8.00%WGNK
30 days+22.71%+0.34%WGNK

Correlation

0.32over 41 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	TENSOR
Max drawdown (400d)	-38.9%	-18.0%
Risk-adjusted return (90d)	0.19	-0.23

Relative strength over 90 days: WGNK outperformed TENSOR by 53.7% — measured on the WGNK/TENSOR ratio, so it holds regardless of market direction.

Wrapped Gonka →Wrapped Hypertensor →