Bonzo Finance vs Bitway

Bitway (BTW) is 2920.5× the size of Bonzo Finance (BONZO) by market capitalisation. Over the past 30 days, BTW is ahead by 89.7 percentage points (BONZO -16.3% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.29 across 20 shared trading days). BTW has been the more volatile of the two, at 365% annualised against BONZO's 72%.

Correlation: -0.29
Size ratio: 1 : 2920.5
Ahead over 30 days: BTW

Bonzo FinanceBONZO

$0.004175

24h: +2.61%
Market cap: $569,326
Volume 24h: $6,069
Volatility (ann.): 72%

BitwayBTW

$1.1000

24h: +13.05%
Market cap: $1.66B
Volume 24h: $5.85M
Volatility (ann.): 365%

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

Performance

BONZOBTW

7 days-7.22%-44.93%BONZO
30 days-16.32%+73.36%BTW

Correlation

-0.29over 20 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	BONZO	BTW
Max drawdown (400d)	-22.0%	-60.7%
Risk-adjusted return (90d)	-0.23	0.43

Relative strength over 90 days: BTW outperformed BONZO by 64.9% — measured on the BONZO/BTW ratio, so it holds regardless of market direction.

Bonzo Finance →Bitway →