WrappedM by M0 vs Wrapped AyeAyeCoin

WrappedM by M0 (WM) is 23.4× the size of Wrapped AyeAyeCoin (WAAC) by market capitalisation. Over the past 30 days, WM is ahead by 19.8 percentage points (WM -0.1% against WAAC -19.9%). Their daily returns move barely together (correlation 0.22 across 32 shared trading days). WAAC has been the more volatile of the two, at 212% annualised against WM's 0%.

Correlation: 0.22
Size ratio: 23.4×
Ahead over 30 days: WM

WrappedM by M0WM

$0.998835

24h: +0.01%
Market cap: $74.61M
Volume 24h: $127
Volatility (ann.): 0%

Wrapped AyeAyeCoinWAAC

$0.532145

24h: -1.06%
Market cap: $3.19M
Volume 24h: $437
Volatility (ann.): 212%

WM 95.9%Share of the two combined market caps4.1% WAAC

Performance

WMWAAC

7 days+0.03%+4.79%WAAC
30 days-0.08%-19.91%WM

Correlation

0.22over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	WM	WAAC
Max drawdown (400d)	-0.1%	-39.6%
Risk-adjusted return (90d)	-0.10	-0.05

Relative strength over 90 days: WM outperformed WAAC by 11.2% — measured on the WM/WAAC ratio, so it holds regardless of market direction.

WrappedM by M0 →Wrapped AyeAyeCoin →