Beethoven X (Legacy) vs Bitway

Bitway (BTW) is 970.2× the size of Beethoven X (Legacy) (BEETS-LEGACY) by market capitalisation. Over the past 30 days, BTW is ahead by 53.4 percentage points (BEETS-LEGACY +20.0% against BTW +73.4%). Their daily returns move loosely together (correlation 0.57 across 27 shared trading days). BTW has been the more volatile of the two, at 365% annualised against BEETS-LEGACY's 165%.

Correlation: 0.57
Size ratio: 1 : 970.2
Ahead over 30 days: BTW

Beethoven X (Legacy)BEETS-LEGACY

$0.007224

24h: -11.76%
Market cap: $1.73M
Volume 24h: $52
Volatility (ann.): 165%

BitwayBTW

$1.1200

24h: +13.05%
Market cap: $1.68B
Volume 24h: $6.14M
Volatility (ann.): 365%

BEETS-LEGACY 0.1%Share of the two combined market caps99.9% BTW

Performance

BEETS-LEGACYBTW

7 days-18.56%-44.93%BEETS-LEGACY
30 days+19.97%+73.36%BTW

Correlation

0.57over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	BEETS-LEGACY	BTW
Max drawdown (400d)	-25.4%	-60.7%
Risk-adjusted return (90d)	0.20	0.43

Relative strength over 90 days: BTW outperformed BEETS-LEGACY by 43.5% — measured on the BEETS-LEGACY/BTW ratio, so it holds regardless of market direction.

Beethoven X (Legacy) →Bitway →