8lends vs Bitway

Bitway (BTW) is 2099.4× the size of 8lends (8LNDS) by market capitalisation. Over the past 30 days, BTW is ahead by 91.0 percentage points (8LNDS -17.7% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 24 shared trading days). BTW has been the more volatile of the two, at 365% annualised against 8LNDS's 47%.

Correlation: -0.14
Size ratio: 1 : 2099.4
Ahead over 30 days: BTW

8lends8LNDS

$0.017035

24h: —
Market cap: $757,474
Volume 24h: —
Volatility (ann.): 47%

BitwayBTW

$1.0550

24h: +1.72%
Market cap: $1.59B
Volume 24h: $6.45M
Volatility (ann.): 365%

8LNDS 0.0%Share of the two combined market caps100.0% BTW

Performance

8LNDSBTW

7 days-9.33%-44.93%8LNDS
30 days-17.65%+73.36%BTW

Correlation

-0.14over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	8LNDS	BTW
Max drawdown (400d)	-19.3%	-60.7%
Risk-adjusted return (90d)	-0.31	0.43

Relative strength over 90 days: BTW outperformed 8LNDS by 69.6% — measured on the 8LNDS/BTW ratio, so it holds regardless of market direction.

8lends →Bitway →