Galaxy WETH Quality vs Bitway

Bitway (BTW) is 437.6× the size of Galaxy WETH Quality (ETH:GWETHQ) by market capitalisation. Over the past 30 days, BTW is ahead by 63.8 percentage points (ETH:GWETHQ +9.5% against BTW +73.4%). Their daily returns move loosely together (correlation 0.57 across 22 shared trading days). BTW has been the more volatile of the two, at 365% annualised against ETH:GWETHQ's 48%.

Correlation: 0.57
Size ratio: 1 : 437.6
Ahead over 30 days: BTW

Galaxy WETH QualityETH:GWETHQ

$2,284.03

24h: +0.36%
Market cap: $3.62M
Volume 24h: —
Volatility (ann.): 48%

BitwayBTW

$1.0530

24h: +4.19%
Market cap: $1.59B
Volume 24h: $6.47M
Volatility (ann.): 365%

ETH:GWETHQ 0.2%Share of the two combined market caps99.8% BTW

Performance

ETH:GWETHQBTW

7 days-2.78%-44.93%ETH:GWETHQ
30 days+9.54%+73.36%BTW

Correlation

0.57over 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	ETH:GWETHQ	BTW
Max drawdown (400d)	-5.6%	-60.7%
Risk-adjusted return (90d)	0.20	0.43

Relative strength over 90 days: BTW outperformed ETH:GWETHQ by 56.9% — measured on the ETH:GWETHQ/BTW ratio, so it holds regardless of market direction.

Galaxy WETH Quality →Bitway →