BankrWallet vs Backpack

Backpack (BP) is 1518.6× the size of BankrWallet (BNKRW) by market capitalisation. Over the past 30 days, BP is ahead by 86.0 percentage points (BNKRW +17.4% against BP +103.4%). Their daily returns move loosely together (correlation 0.37 across 27 shared trading days). BP has been the more volatile of the two, at 499% annualised against BNKRW's 282%.

Correlation: 0.37
Size ratio: 1 : 1518.6
Ahead over 30 days: BP

BankrWalletBNKRW

$1.680e-6

24h: +4.66%
Market cap: $167,610
Volume 24h: $642
Volatility (ann.): 282%

BackpackBP

$1.0180

24h: +8.73%
Market cap: $254.53M
Volume 24h: $5.87M
Volatility (ann.): 499%

BNKRW 0.1%Share of the two combined market caps99.9% BP

Performance

BNKRWBP

7 days-17.91%-0.69%BP
30 days+17.43%+103.44%BP

Correlation

0.37over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	BNKRW	BP
Max drawdown (400d)	-33.2%	-35.1%
Risk-adjusted return (90d)	0.06	0.32

Relative strength over 90 days: BP outperformed BNKRW by 53.6% — measured on the BNKRW/BP ratio, so it holds regardless of market direction.

BankrWallet →Backpack →