Big Time (BIGTIME) is 432.4× the size of Cryowar (CWAR) by market capitalisation. Their daily returns move loosely together (correlation 0.43 across 33 shared trading days). CWAR has been the more volatile of the two, at 92% annualised against BIGTIME's 80%.
CWARBIGTIME
0.43over 33 shared trading days
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.
| Metric | CWAR | BIGTIME |
|---|---|---|
| Max drawdown (400d) | -58.8% | -90.5% |
| Risk-adjusted return (90d) | -0.64 | 0.31 |
| Best 30 days (past year) | — | +51.8% |
| Worst 30 days (past year) | — | -46.2% |
Relative strength over 90 days: BIGTIME outperformed CWAR by 45.1% — measured on the CWAR/BIGTIME ratio, so it holds regardless of market direction.