IBS vs Bitway

Bitway (BTW) is 296.9× the size of IBS (IBS) by market capitalisation. Over the past 30 days, BTW is ahead by 124.4 percentage points (IBS -51.0% against BTW +73.4%). Their daily returns move closely in opposite directions (correlation -0.83 across 26 shared trading days). BTW has been the more volatile of the two, at 365% annualised against IBS's 95%.

Correlation: -0.83
Size ratio: 1 : 296.9
Ahead over 30 days: BTW

IBSIBS

$6.0100

24h: -0.01%
Market cap: $5.23M
Volume 24h: $370,721
Volatility (ann.): 95%

BitwayBTW

$1.0310

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

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

Performance

IBSBTW

7 days-27.72%-44.93%IBS
30 days-51.03%+73.36%BTW

Correlation

-0.83over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.8390d: 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	IBS	BTW
Max drawdown (400d)	-53.1%	-60.7%
Risk-adjusted return (90d)	-0.54	0.43

Relative strength over 90 days: BTW outperformed IBS by 78.3% — measured on the IBS/BTW ratio, so it holds regardless of market direction.

IBS →Bitway →