Index Cooperative vs Bitway

Bitway (BTW) is 811.1× the size of Index Cooperative (INDEX) by market capitalisation. Over the past 30 days, BTW is ahead by 60.8 percentage points (INDEX +12.6% against BTW +73.4%). Their daily returns move loosely together (correlation 0.59 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against INDEX's 97%.

Correlation: 0.59
Size ratio: 1 : 811.1
Ahead over 30 days: BTW

Index CooperativeINDEX

$0.276816

24h: -0.20%
Market cap: $1.96M
Volume 24h: $42,780
Volatility (ann.): 97%

BitwayBTW

$1.0540

24h: +5.54%
Market cap: $1.59B
Volume 24h: $6.45M
Volatility (ann.): 365%

INDEX 0.1%Share of the two combined market caps99.9% BTW

Performance

INDEXBTW

7 days-10.44%-44.93%INDEX
30 days+12.57%+73.36%BTW

Correlation

0.59over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5990d: 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	INDEX	BTW
Max drawdown (400d)	-18.0%	-60.7%
Risk-adjusted return (90d)	0.11	0.43

Relative strength over 90 days: BTW outperformed INDEX by 53.3% — measured on the INDEX/BTW ratio, so it holds regardless of market direction.

Index Cooperative →Bitway →