Fodl Finance vs Bitway

Bitway (BTW) is 13494.1× the size of Fodl Finance (FODL) by market capitalisation. Over the past 30 days, BTW is ahead by 56.1 percentage points (FODL -10.7% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.10 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against FODL's 30%.

Correlation: -0.10
Size ratio: 1 : 13494.1
Ahead over 30 days: BTW

Fodl FinanceFODL

$0.000296

24h: +2.61%
Market cap: $112,265
Volume 24h: $651
Volatility (ann.): 30%

BitwayBTW

$1.0040

24h: -5.74%
Market cap: $1.51B
Volume 24h: $3.63M
Volatility (ann.): 362%

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

Performance

FODLBTW

7 days+0.78%-40.12%FODL
30 days-10.69%+45.45%BTW

Correlation

-0.10over 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	FODL	BTW
Max drawdown (400d)	-13.6%	-60.7%
Risk-adjusted return (90d)	-0.37	0.48

Relative strength over 90 days: FODL outperformed BTW by 56.6% — measured on the FODL/BTW ratio, so it holds regardless of market direction.

Fodl Finance →Bitway →