DeFi Pulse Index vs Bitway

Bitway (BTW) is 292.3× the size of DeFi Pulse Index (DPI) by market capitalisation. Over the past 30 days, BTW is ahead by 75.0 percentage points (DPI -1.7% against BTW +73.4%). Their daily returns move loosely together (correlation 0.54 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against DPI's 110%.

Correlation: 0.54
Size ratio: 1 : 292.3
Ahead over 30 days: BTW

DeFi Pulse IndexDPI

$57.9800

24h: +13.22%
Market cap: $5.37M
Volume 24h: $42,641
Volatility (ann.): 110%

BitwayBTW

$1.0430

24h: -0.13%
Market cap: $1.57B
Volume 24h: $6.55M
Volatility (ann.): 365%

DPI 0.3%Share of the two combined market caps99.7% BTW

Performance

DPIBTW

7 days-3.44%-44.93%DPI
30 days-1.67%+73.36%BTW

Correlation

0.54over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	DPI	BTW
Max drawdown (400d)	-26.7%	-60.7%
Risk-adjusted return (90d)	0.05	0.43

Relative strength over 90 days: BTW outperformed DPI by 55.4% — measured on the DPI/BTW ratio, so it holds regardless of market direction.

DeFi Pulse Index →Bitway →