WrappedM by M0 vs Wrapped Hypertensor

WrappedM by M0 (WM) is 9.6× the size of Wrapped Hypertensor (TENSOR) by market capitalisation. Over the past 30 days, TENSOR is ahead by 0.4 percentage points (WM -0.1% against TENSOR +0.3%). Their daily returns move barely together (correlation 0.29 across 34 shared trading days). TENSOR has been the more volatile of the two, at 64% annualised against WM's 0%.

Correlation: 0.29
Size ratio: 9.6×
Ahead over 30 days: TENSOR

WrappedM by M0WM

$0.998835

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

Wrapped HypertensorTENSOR

$8.7200

24h: —
Market cap: $7.76M
Volume 24h: $1,530
Volatility (ann.): 64%

WM 90.6%Share of the two combined market caps9.4% TENSOR

Performance

WMTENSOR

7 days+0.03%-8.00%WM
30 days-0.08%+0.34%TENSOR

Correlation

0.29over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	TENSOR
Max drawdown (400d)	-0.1%	-18.0%
Risk-adjusted return (90d)	-0.10	-0.23

Relative strength over 90 days: WM outperformed TENSOR by 17.6% — measured on the WM/TENSOR ratio, so it holds regardless of market direction.

WrappedM by M0 →Wrapped Hypertensor →