Bitway (BTW) is 848.1× the size of Dialectic USD Vault (DUSD) by market capitalisation. Their daily returns move very closely together (correlation 0.89 across 21 shared trading days). BTW has been the more volatile of the two, at 365% annualised against DUSD's 12%.
DUSDBTW
0.89over 21 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 | DUSD | BTW |
|---|---|---|
| Max drawdown (400d) | -2.6% | -60.7% |
| Risk-adjusted return (90d) | 0.42 | 0.43 |
Relative strength over 90 days: BTW outperformed DUSD by 60.0% — measured on the DUSD/BTW ratio, so it holds regardless of market direction.