Eggplant Finance vs Bitway

Bitway (BTW) is 598762.3× the size of Eggplant Finance (EGGP) by market capitalisation. Over the past 30 days, BTW is ahead by 51.3 percentage points (EGGP -5.9% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.09 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against EGGP's 29%.

Correlation: -0.09
Size ratio: 1 : 598762.3
Ahead over 30 days: BTW

Eggplant FinanceEGGP

$0.005417

24h: +2.52%
Market cap: $2,578
Volume 24h: $57
Volatility (ann.): 29%

BitwayBTW

$1.0250

24h: -0.15%
Market cap: $1.54B
Volume 24h: $6.28M
Volatility (ann.): 362%

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

Performance

EGGPBTW

7 days-2.50%-40.12%EGGP
30 days-5.87%+45.45%BTW

Correlation

-0.09over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	EGGP	BTW
Max drawdown (400d)	-8.7%	-60.7%
Risk-adjusted return (90d)	-0.16	0.48

Relative strength over 90 days: EGGP outperformed BTW by 65.1% — measured on the EGGP/BTW ratio, so it holds regardless of market direction.

Eggplant Finance →Bitway →