Fletch Finance vs Bitway

Bitway (BTW) is 96278.4× the size of Fletch Finance (FLETCH) by market capitalisation. Over the past 30 days, BTW is ahead by 107.0 percentage points (FLETCH -38.6% against BTW +68.4%). Their daily returns move barely together (correlation 0.09 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against FLETCH's 59%.

Correlation: 0.09
Size ratio: 1 : 96278.4
Ahead over 30 days: BTW

Fletch FinanceFLETCH

$1.717e-5

24h: -7.36%
Market cap: $17,170
Volume 24h: $52
Volatility (ann.): 59%

BitwayBTW

$1.0980

24h: +5.62%
Market cap: $1.65B
Volume 24h: $5.24M
Volatility (ann.): 359%

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

Performance

FLETCHBTW

7 days-12.99%-31.25%FLETCH
30 days-38.57%+68.43%BTW

Correlation

0.09over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	FLETCH	BTW
Max drawdown (400d)	-43.9%	-60.7%
Risk-adjusted return (90d)	-0.74	0.54

Relative strength over 90 days: FLETCH outperformed BTW by 15.0% — measured on the FLETCH/BTW ratio, so it holds regardless of market direction.

Fletch Finance →Bitway →