Gearbox vs Bitway

Bitway (BTW) is 328.4× the size of Gearbox (GEAR) by market capitalisation. Over the past 30 days, BTW is ahead by 31.6 percentage points (GEAR +41.7% against BTW +73.4%). Their daily returns move closely together (correlation 0.67 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against GEAR's 181%.

Correlation: 0.67
Size ratio: 1 : 328.4
Ahead over 30 days: BTW

GearboxGEAR

$0.000503

24h: +0.02%
Market cap: $5.03M
Volume 24h: $4,253
Volatility (ann.): 181%

BitwayBTW

$1.0970

24h: +3.84%
Market cap: $1.65B
Volume 24h: $6.94M
Volatility (ann.): 365%

GEAR 0.3%Share of the two combined market caps99.7% BTW

Performance

GEARBTW

7 days-5.04%-44.93%GEAR
30 days+41.74%+73.36%BTW

Correlation

0.67over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6790d: 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	GEAR	BTW
Max drawdown (400d)	-39.2%	-60.7%
Risk-adjusted return (90d)	0.17	0.43

Relative strength over 90 days: BTW outperformed GEAR by 44.7% — measured on the GEAR/BTW ratio, so it holds regardless of market direction.

Gearbox →Bitway →