Donut vs Bitway

Bitway (BTW) is 21719.0× the size of Donut (DONUT) by market capitalisation. Over the past 30 days, BTW is ahead by 52.2 percentage points (DONUT -6.8% against BTW +45.5%). Their daily returns move barely together (correlation 0.07 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against DONUT's 121%.

Correlation: 0.07
Size ratio: 1 : 21719.0
Ahead over 30 days: BTW

DonutDONUT

$0.003682

24h: +7.14%
Market cap: $76,561
Volume 24h: $25,514
Volatility (ann.): 121%

BitwayBTW

$1.1000

24h: +4.97%
Market cap: $1.66B
Volume 24h: $4.75M
Volatility (ann.): 362%

DONUT 0.0%Share of the two combined market caps100.0% BTW

Performance

DONUTBTW

7 days+1.42%-40.12%DONUT
30 days-6.80%+45.45%BTW

Correlation

0.07over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	DONUT	BTW
Max drawdown (400d)	-44.6%	-60.7%
Risk-adjusted return (90d)	-0.32	0.48

Relative strength over 90 days: BTW outperformed DONUT by 74.5% — measured on the DONUT/BTW ratio, so it holds regardless of market direction.

Donut →Bitway →