Wrapped Gonka vs WrappedM by M0

WrappedM by M0 (WM) is 43.9× the size of Wrapped Gonka (WGNK) by market capitalisation. Over the past 30 days, WGNK is ahead by 22.8 percentage points (WGNK +22.7% against WM -0.1%). Their daily returns move barely together (correlation 0.30 across 36 shared trading days). WGNK has been the more volatile of the two, at 167% annualised against WM's 0%.

Correlation: 0.30
Size ratio: 1 : 43.9
Ahead over 30 days: WGNK

Wrapped GonkaWGNK

$0.157524

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

WrappedM by M0WM

$0.998805

24h: +0.03%
Market cap: $75.09M
Volume 24h: $127
Volatility (ann.): 0%

WGNK 2.2%Share of the two combined market caps97.8% WM

Performance

WGNKWM

7 days-2.37%+0.03%WM
30 days+22.71%-0.08%WGNK

Correlation

0.30over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	WM
Max drawdown (400d)	-38.9%	-0.1%
Risk-adjusted return (90d)	0.19	-0.10

Relative strength over 90 days: WGNK outperformed WM by 31.7% — measured on the WGNK/WM ratio, so it holds regardless of market direction.

Wrapped Gonka →WrappedM by M0 →