Helder vs Bitway

Bitway (BTW) is 3088.6× the size of Helder (HLDR) by market capitalisation. Over the past 30 days, BTW is ahead by 106.3 percentage points (HLDR -33.0% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.55 across 26 shared trading days). BTW has been the more volatile of the two, at 365% annualised against HLDR's 59%.

Correlation: -0.55
Size ratio: 1 : 3088.6
Ahead over 30 days: BTW

HelderHLDR

$0.144604

24h: —
Market cap: $502,853
Volume 24h: $8
Volatility (ann.): 59%

BitwayBTW

$1.0310

24h: +6.87%
Market cap: $1.55B
Volume 24h: $6.35M
Volatility (ann.): 365%

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

Performance

HLDRBTW

7 days-17.98%-44.93%HLDR
30 days-32.98%+73.36%BTW

Correlation

-0.55over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5590d: 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	HLDR	BTW
Max drawdown (400d)	-34.3%	-60.7%
Risk-adjusted return (90d)	-0.56	0.43

Relative strength over 90 days: BTW outperformed HLDR by 71.6% — measured on the HLDR/BTW ratio, so it holds regardless of market direction.

Helder →Bitway →