EverRise vs Bitway

Bitway (BTW) is 111566.7× the size of EverRise (RISE) by market capitalisation. Over the past 30 days, RISE is ahead by 236.7 percentage points (RISE +310.1% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.16 across 26 shared trading days). RISE has been the more volatile of the two, at 23515% annualised against BTW's 365%.

Correlation: -0.16
Size ratio: 1 : 111566.7
Ahead over 30 days: RISE

EverRiseRISE

$1.940e-7

24h: —
Market cap: $13,890
Volume 24h: —
Volatility (ann.): 23515%

BitwayBTW

$1.0290

24h: +6.10%
Market cap: $1.55B
Volume 24h: $6.39M
Volatility (ann.): 365%

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

Performance

RISEBTW

7 days+312.70%-44.93%RISE
30 days+310.07%+73.36%RISE

Correlation

-0.16over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	RISE	BTW
Max drawdown (400d)	-98.8%	-60.7%
Risk-adjusted return (90d)	0.01	0.43

Relative strength over 90 days: RISE outperformed BTW by 79.1% — measured on the RISE/BTW ratio, so it holds regardless of market direction.

EverRise →Bitway →