BNQ GLOBAL vs Bitway

Bitway (BTW) is 1951.4× the size of BNQ GLOBAL (BNQ) by market capitalisation. Over the past 30 days, BTW is ahead by 135.0 percentage points (BNQ -61.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.14 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against BNQ's 159%.

Correlation: -0.14
Size ratio: 1 : 1951.4
Ahead over 30 days: BTW

BNQ GLOBALBNQ

$0.000862

24h: -11.68%
Market cap: $861,648
Volume 24h: $3,621
Volatility (ann.): 159%

BitwayBTW

$1.1200

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

BNQ 0.1%Share of the two combined market caps99.9% BTW

Performance

BNQBTW

7 days-7.34%-44.93%BNQ
30 days-61.65%+73.36%BTW

Correlation

-0.14over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	BNQ	BTW
Max drawdown (400d)	-81.3%	-60.7%
Risk-adjusted return (90d)	-0.51	0.43

Relative strength over 90 days: BTW outperformed BNQ by 92.1% — measured on the BNQ/BTW ratio, so it holds regardless of market direction.

BNQ GLOBAL →Bitway →