Bundles vs Bitway

Bitway (BTW) is 24625.8× the size of Bundles (BNDL) by market capitalisation. Over the past 30 days, BTW is ahead by 75.8 percentage points (BNDL -30.3% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.07 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against BNDL's 54%.

Correlation: -0.07
Size ratio: 1 : 24625.8
Ahead over 30 days: BTW

BundlesBNDL

$6.761e-5

24h: +2.46%
Market cap: $60,359
Volume 24h: $29
Volatility (ann.): 54%

BitwayBTW

$0.987116

24h: -11.29%
Market cap: $1.49B
Volume 24h: $3.66M
Volatility (ann.): 362%

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

Performance

BNDLBTW

7 days-5.91%-40.12%BNDL
30 days-30.31%+45.45%BTW

Correlation

-0.07over 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	BNDL	BTW
Max drawdown (400d)	-34.5%	-60.7%
Risk-adjusted return (90d)	-0.55	0.48

Relative strength over 90 days: BNDL outperformed BTW by 46.5% — measured on the BNDL/BTW ratio, so it holds regardless of market direction.

Bundles →Bitway →