Chainflip vs Bitway

Bitway (BTW) is 63.2× the size of Chainflip (FLIP) by market capitalisation. Over the past 30 days, BTW is ahead by 86.4 percentage points (FLIP -13.0% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.37 across 42 shared trading days). BTW has been the more volatile of the two, at 365% annualised against FLIP's 62%.

Correlation: -0.37
Size ratio: 1 : 63.2
Ahead over 30 days: BTW

ChainflipFLIP

$0.315795

24h: +4.67%
Market cap: $27.48M
Volume 24h: $195,248
Volatility (ann.): 62%

BitwayBTW

$1.1500

24h: +12.15%
Market cap: $1.74B
Volume 24h: $6.98M
Volatility (ann.): 365%

FLIP 1.6%Share of the two combined market caps98.4% BTW

Performance

FLIPBTW

7 days+0.75%-44.93%FLIP
30 days-13.01%+73.36%BTW

Correlation

-0.37over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4690d: 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	FLIP	BTW
Max drawdown (400d)	-33.9%	-60.7%
Risk-adjusted return (90d)	-0.33	0.43

Relative strength over 90 days: BTW outperformed FLIP by 63.5% — measured on the FLIP/BTW ratio, so it holds regardless of market direction.

Chainflip →Bitway →