Big Time (BIGTIME) is 18.6× the size of Wrapped NCG (WNCG) by market capitalisation. Over the past 1 year, BIGTIME is ahead by 2.3 percentage points (WNCG -77.6% against BIGTIME -75.3%). Their daily returns move barely together (correlation 0.06 across 373 shared trading days). WNCG has been the more volatile of the two, at 246% annualised against BIGTIME's 80%.
WNCGBIGTIME
0.06over 373 shared trading days
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.
| Metric | WNCG | BIGTIME |
|---|---|---|
| Max drawdown (400d) | -81.3% | -90.5% |
| Risk-adjusted return (90d) | -0.49 | 0.27 |
| Best 30 days (past year) | +189.1% | +51.8% |
| Worst 30 days (past year) | -66.9% | -46.2% |
Relative strength over 90 days: BIGTIME outperformed WNCG by 19.5% — measured on the WNCG/BIGTIME ratio, so it holds regardless of market direction.