FLOKI (FLOKI) is 140.0× the size of Wrapped NCG (WNCG) by market capitalisation. Over the past 1 year, FLOKI is ahead by 14.8 percentage points (WNCG -77.6% against FLOKI -62.8%). Their daily returns move barely together (correlation 0.10 across 373 shared trading days). WNCG has been the more volatile of the two, at 246% annualised against FLOKI's 89%.
WNCGFLOKI
0.10over 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 | FLOKI |
|---|---|---|
| Max drawdown (400d) | -81.3% | -80.7% |
| Risk-adjusted return (90d) | -0.49 | 0.10 |
| Best 30 days (past year) | +189.1% | +35.0% |
| Worst 30 days (past year) | -66.9% | -50.0% |
Relative strength over 90 days: FLOKI outperformed WNCG by 22.4% — measured on the WNCG/FLOKI ratio, so it holds regardless of market direction.