WrappedM by M0 vs Wrapped fragSOL

WrappedM by M0 (WM) is 38.1× the size of Wrapped fragSOL (WFRAGSOL) by market capitalisation. Over the past 30 days, WM is ahead by 5.7 percentage points (WM -0.1% against WFRAGSOL -5.8%). Their daily returns move loosely together (correlation 0.46 across 29 shared trading days). WFRAGSOL has been the more volatile of the two, at 114% annualised against WM's 0%.

Correlation: 0.46
Size ratio: 38.1×
Ahead over 30 days: WM

WrappedM by M0WM

$0.998835

24h: +0.02%
Market cap: $74.61M
Volume 24h: $127
Volatility (ann.): 0%

Wrapped fragSOLWFRAGSOL

$101.2900

24h: -2.72%
Market cap: $1.96M
Volume 24h: $383
Volatility (ann.): 114%

WM 97.4%Share of the two combined market caps2.6% WFRAGSOL

Performance

WMWFRAGSOL

7 days+0.03%-19.59%WM
30 days-0.08%-5.78%WM

Correlation

0.46over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	WFRAGSOL
Max drawdown (400d)	-0.1%	-23.3%
Risk-adjusted return (90d)	-0.10	-0.10

Relative strength over 90 days: WM outperformed WFRAGSOL by 13.1% — measured on the WM/WFRAGSOL ratio, so it holds regardless of market direction.

WrappedM by M0 →Wrapped fragSOL →