Mars Ecosystem vs Bitway

Bitway (BTW) is 9443.8× the size of Mars Ecosystem (XMS) by market capitalisation. Over the past 30 days, BTW is ahead by 53.9 percentage points (XMS -8.4% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.07 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against XMS's 39%.

Correlation: -0.07
Size ratio: 1 : 9443.8
Ahead over 30 days: BTW

Mars EcosystemXMS

$0.000240

24h: +2.50%
Market cap: $160,409
Volume 24h: $394
Volatility (ann.): 39%

BitwayBTW

$1.0060

24h: -8.88%
Market cap: $1.51B
Volume 24h: $4.67M
Volatility (ann.): 362%

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

Performance

XMSBTW

7 days-6.21%-40.12%XMS
30 days-8.45%+45.45%BTW

Correlation

-0.07over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	XMS	BTW
Max drawdown (400d)	-11.8%	-60.7%
Risk-adjusted return (90d)	-0.16	0.48

Relative strength over 90 days: XMS outperformed BTW by 61.7% — measured on the XMS/BTW ratio, so it holds regardless of market direction.

Mars Ecosystem →Bitway →