BNB (BNB) is 59.3× the size of Bitway (BTW) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 31 shared trading days). BTW has been the more volatile of the two, at 184% annualised against BNB's 52%.
| Period | BTW | BNB | Ahead |
|---|---|---|---|
| 7 days | +62.80% | +4.73% | BTW |
| 30 days | +91.70% | +16.37% | BTW |
| 90 days | — | +30.43% | — |
| 1 year | — | -22.57% | — |
| Metric | BTW | BNB |
|---|---|---|
| Max drawdown (400d) | -16.9% | -58.2% |
| Risk-adjusted return (90d) | 0.50 | 0.88 |
| Best 30 days (past year) | — | +29.4% |
| Worst 30 days (past year) | — | -34.9% |
Relative strength over 90 days: BTW outperformed BNB by 62.3% — measured on the BTW/BNB ratio, so it holds regardless of market direction.
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.