BitDAO vs Bitway

BitDAO (BIT) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 87.5 percentage points (BIT -19.1% against BTW +68.4%). Their daily returns move barely in opposite directions (correlation -0.16 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against BIT's 39%.

Correlation: -0.16
Ahead over 30 days: BTW

BitDAOBIT

$0.487193

24h: -0.27%
Market cap: —
Volume 24h: $5
Volatility (ann.): 39%

BitwayBTW

$1.1200

24h: +8.51%
Market cap: $1.69B
Volume 24h: $5.55M
Volatility (ann.): 359%

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

Performance

BITBTW

7 days-2.45%-31.25%BIT
30 days-19.07%+68.43%BTW

Correlation

-0.16over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	BIT	BTW
Max drawdown (400d)	-23.1%	-60.7%
Risk-adjusted return (90d)	-0.59	0.54

Relative strength over 90 days: BIT outperformed BTW by 45.5% — measured on the BIT/BTW ratio, so it holds regardless of market direction.

BitDAO →Bitway →