Evolve PRO vs Bitway

Bitway (BTW) is 1190.3× the size of Evolve PRO (EVOP) by market capitalisation. Over the past 30 days, EVOP is ahead by 1486.5 percentage points (EVOP +1531.9% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.04 across 22 shared trading days). EVOP has been the more volatile of the two, at 24374% annualised against BTW's 362%.

Correlation: -0.04
Size ratio: 1 : 1190.3
Ahead over 30 days: EVOP

Evolve PROEVOP

$0.024974

24h: —
Market cap: $1.25M
Volume 24h: $95
Volatility (ann.): 24374%

BitwayBTW

$0.987116

24h: -11.29%
Market cap: $1.49B
Volume 24h: $3.66M
Volatility (ann.): 362%

EVOP 0.1%Share of the two combined market caps99.9% BTW

Performance

EVOPBTW

7 days+2135.13%-40.12%EVOP
30 days+1531.93%+45.45%EVOP

Correlation

-0.04over 22 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	EVOP	BTW
Max drawdown (400d)	-98.3%	-60.7%
Risk-adjusted return (90d)	0.06	0.48

Relative strength over 90 days: EVOP outperformed BTW by 5425.5% — measured on the EVOP/BTW ratio, so it holds regardless of market direction.

Evolve PRO →Bitway →