Bitway (BTW) is 51820.6× the size of JackPool.finance (JFI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.24 across 43 shared trading days). BTW has been the more volatile of the two, at 362% annualised against JFI's 142%.
JFIBTW
-0.24over 43 shared trading days
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.
| Metric | JFI | BTW |
|---|---|---|
| Max drawdown (400d) | -87.8% | -60.7% |
| Risk-adjusted return (90d) | -0.60 | 0.48 |
| Best 30 days (past year) | +162.9% | — |
| Worst 30 days (past year) | -82.6% | — |
Relative strength over 90 days: BTW outperformed JFI by 93.7% — measured on the JFI/BTW ratio, so it holds regardless of market direction.