Liquid Staking Token (LST) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 64.5 percentage points (LST -19.0% against BTW +45.5%). Their daily returns move barely together (correlation 0.21 across 20 shared trading days). BTW has been the more volatile of the two, at 362% annualised against LST's 46%.
LSTBTW
0.21over 20 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 | LST | BTW |
|---|---|---|
| Max drawdown (400d) | -24.9% | -60.7% |
| Risk-adjusted return (90d) | -0.42 | 0.48 |
Relative strength over 90 days: LST outperformed BTW by 48.6% — measured on the LST/BTW ratio, so it holds regardless of market direction.