Billions Network vs Bitway

Bitway (BTW) is 135.4× the size of Billions Network (BILL) by market capitalisation. Over the past 30 days, BTW is ahead by 115.2 percentage points (BILL -41.8% against BTW +73.4%). Their daily returns move barely together (correlation 0.13 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against BILL's 73%.

Correlation: 0.13
Size ratio: 1 : 135.4
Ahead over 30 days: BTW

Billions NetworkBILL

$0.005113

24h: +0.79%
Market cap: $12.41M
Volume 24h: $2.57M
Volatility (ann.): 73%

BitwayBTW

$1.1200

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

BILL 0.7%Share of the two combined market caps99.3% BTW

Performance

BILLBTW

7 days-15.34%-44.93%BILL
30 days-41.83%+73.36%BTW

Correlation

0.13over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	BILL	BTW
Max drawdown (400d)	-43.9%	-60.7%
Risk-adjusted return (90d)	-0.60	0.43

Relative strength over 90 days: BTW outperformed BILL by 78.2% — measured on the BILL/BTW ratio, so it holds regardless of market direction.

Billions Network →Bitway →