CORZZ vs. WGMI
CORZZ (Core Scientific Inc. Tranche 2 Warrants) is a stock, while WGMI (Valkyrie Bitcoin Miners ETF) is Cryptocurrency fund actively managed by Valkyrie. Over the past year, CORZZ returned 123.46% vs 261.44% for WGMI. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
CORZZ vs. WGMI - Performance Comparison
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Returns By Period
In the year-to-date period, CORZZ achieves a 92.57% return, which is significantly higher than WGMI's 81.24% return.
CORZZ
- 1D
- -3.78%
- 1M
- 25.06%
- YTD
- 92.57%
- 6M
- 63.93%
- 1Y
- 123.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WGMI
- 1D
- -1.92%
- 1M
- 25.79%
- YTD
- 81.24%
- 6M
- 46.67%
- 1Y
- 261.44%
- 3Y*
- 88.52%
- 5Y*
- —
- 10Y*
- —
CORZZ vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 92.57% | 3.71% | 754.72% |
WGMI Valkyrie Bitcoin Miners ETF | 81.24% | 72.47% | 89.73% |
Correlation
The correlation between CORZZ and WGMI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.70 |
The correlation between CORZZ and WGMI has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.
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Return for Risk
CORZZ vs. WGMI — Risk / Return Rank
CORZZ
WGMI
CORZZ vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Scientific Inc. Tranche 2 Warrants (CORZZ) and Valkyrie Bitcoin Miners ETF (WGMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CORZZ | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.17 | -2.09 |
| Martin ratioReturn relative to average drawdown | 5.83 | 10.48 | -4.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORZZ | WGMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 3.48 | -1.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.41 | 0.30 | +2.11 |
Drawdowns
CORZZ vs. WGMI - Drawdown Comparison
The maximum CORZZ drawdown since its inception was -65.20%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for CORZZ and WGMI.
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Drawdown Indicators
| CORZZ | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.20% | -85.76% | +20.56% |
Max Drawdown (1Y)Largest decline over 1 year | -40.39% | -50.94% | +10.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.79% | — |
Current DrawdownCurrent decline from peak | -3.78% | -3.01% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -21.54% | -42.86% | +21.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.25% | 25.08% | -3.83% |
Volatility
CORZZ vs. WGMI - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) has a higher volatility of 19.89% compared to Valkyrie Bitcoin Miners ETF (WGMI) at 18.90%. This indicates that CORZZ's price experiences larger fluctuations and is considered to be riskier than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORZZ | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 18.90% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 47.16% | 55.08% | -7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.25% | 75.99% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.32% | 81.50% | +15.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.32% | 81.50% | +15.82% |
Dividends
CORZZ vs. WGMI - Dividend Comparison
Neither CORZZ nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI Valkyrie Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
CORZZ and WGMI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORZZ has higher volatility (19.89%) compared to WGMI (18.90%). In terms of maximum drawdown, CORZZ dropped -65.20% vs WGMI's -85.76%.
WGMI currently has the higher Sharpe Ratio (3.48 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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