Delta vs Bitway

Bitway (BTW) is 198.8× the size of Delta (DELTA) by market capitalisation. Over the past 30 days, BTW is ahead by 107.1 percentage points (DELTA -33.8% against BTW +73.4%). Their daily returns move loosely together (correlation 0.37 across 26 shared trading days). DELTA has been the more volatile of the two, at 516% annualised against BTW's 365%.

Correlation: 0.37
Size ratio: 1 : 198.8
Ahead over 30 days: BTW

DeltaDELTA

$0.008888

24h: -6.22%
Market cap: $8.00M
Volume 24h: $393,881
Volatility (ann.): 516%

BitwayBTW

$1.0550

24h: +1.72%
Market cap: $1.59B
Volume 24h: $6.45M
Volatility (ann.): 365%

DELTA 0.5%Share of the two combined market caps99.5% BTW

Performance

DELTABTW

7 days-24.84%-44.93%DELTA
30 days-33.77%+73.36%BTW

Correlation

0.37over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	DELTA	BTW
Max drawdown (400d)	-65.3%	-60.7%
Risk-adjusted return (90d)	-0.10	0.43

Relative strength over 90 days: BTW outperformed DELTA by 76.9% — measured on the DELTA/BTW ratio, so it holds regardless of market direction.

Delta →Bitway →