Bitcoin Bank vs Bitway

Bitway (BTW) is 202889.6× the size of Bitcoin Bank (BTCBANK) by market capitalisation. Over the past 30 days, BTW is ahead by 75.3 percentage points (BTCBANK -29.9% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against BTCBANK's 64%.

Correlation: -0.06
Size ratio: 1 : 202889.6
Ahead over 30 days: BTW

Bitcoin BankBTCBANK

$7.630e-6

24h: +3.15%
Market cap: $7,632
Volume 24h: $8
Volatility (ann.): 64%

BitwayBTW

$1.0280

24h: -5.58%
Market cap: $1.55B
Volume 24h: $3.55M
Volatility (ann.): 362%

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

Performance

BTCBANKBTW

7 days-5.33%-40.12%BTCBANK
30 days-29.88%+45.45%BTW

Correlation

-0.06over 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	BTCBANK	BTW
Max drawdown (400d)	-36.9%	-60.7%
Risk-adjusted return (90d)	-0.49	0.48

Relative strength over 90 days: BTCBANK outperformed BTW by 44.0% — measured on the BTCBANK/BTW ratio, so it holds regardless of market direction.

Bitcoin Bank →Bitway →