CORZZ vs. WGMI
CORZZ (Core Scientific Inc. Tranche 2 Warrants) is a stock, while WGMI (CoinShares Bitcoin Miners ETF) is Cryptocurrency fund actively managed by CoinShares. Over the past year, CORZZ returned 67.27% vs 119.73% for WGMI. Their 0.71 correlation means they have sometimes moved together and sometimes differently.
Performance
CORZZ vs. WGMI - Performance Comparison
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Returns By Period
In the year-to-date period, CORZZ achieves a 45.53% return, which is significantly higher than WGMI's 34.47% return.
CORZZ
- 1D
- -3.29%
- 1M
- -1.03%
- 6M
- 17.43%
- YTD
- 45.53%
- 1Y
- 67.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 155.37%
WGMI
- 1D
- -2.67%
- 1M
- -3.25%
- 6M
- 14.20%
- YTD
- 34.47%
- 1Y
- 119.73%
- 3Y*
- 49.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $162.54K | $159.83K | $552.12K | |
| $36.52M | $32.75M | $41.50M |
CORZZ vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORZZ Core Scientific Inc. Tranche 2 Warrants | 45.53% | 3.71% | 601.00% |
WGMI CoinShares Bitcoin Miners ETF | 34.47% | 72.47% | 86.70% |
Correlation
The correlation between CORZZ and WGMI is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2024 | 0.71 |
The correlation between CORZZ and WGMI has been stable across timeframes, ranging from 0.71 to 0.75 - 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 CoinShares 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CORZZ | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.05 | -0.65 |
| Martin ratioReturn relative to average drawdown | 2.81 | 3.96 | -1.15 |
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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 | -27.29% | -28.63% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -21.24% | -41.97% | +20.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.09% | 26.29% | -6.20% |
Volatility
CORZZ vs. WGMI - Volatility Comparison
Core Scientific Inc. Tranche 2 Warrants (CORZZ) and CoinShares Bitcoin Miners ETF (WGMI) have volatilities of 33.46% and 35.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 33.46% | 35.22% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 55.51% | 61.62% | -6.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.94% | 83.14% | -13.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.80% | 82.40% | +15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.80% | 82.40% | +15.40% |
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 CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
CORZZ and WGMI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGMI has higher volatility (35.22%) compared to CORZZ (33.46%). In terms of maximum drawdown, CORZZ dropped -65.20% vs WGMI's -85.76%.
WGMI currently has the higher Sharpe Ratio (1.25 vs 0.81), 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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