Blad vs Bitway

Bitway (BTW) is 29199.1× the size of Blad (BLAD) by market capitalisation. Over the past 30 days, BTW is ahead by 106.5 percentage points (BLAD -61.0% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.12 across 24 shared trading days). Both have run at a similar volatility, around 376% annualised.

Correlation: -0.12
Size ratio: 1 : 29199.1
Ahead over 30 days: BTW

BladBLAD

$5.468e-5

24h: +9.40%
Market cap: $53,357
Volume 24h: $328
Volatility (ann.): 389%

BitwayBTW

$1.0350

24h: -4.90%
Market cap: $1.56B
Volume 24h: $5.16M
Volatility (ann.): 362%

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

Performance

BLADBTW

7 days-41.97%-40.12%BTW
30 days-61.04%+45.45%BTW

Correlation

-0.12over 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	BLAD	BTW
Max drawdown (400d)	-81.3%	-60.7%
Risk-adjusted return (90d)	-0.14	0.48

Relative strength over 90 days: BTW outperformed BLAD by 39.0% — measured on the BLAD/BTW ratio, so it holds regardless of market direction.

Blad →Bitway →