Matchain vs Bitway

Bitway (BTW) is 5987.7× the size of Matchain (MAT) by market capitalisation. Over the past 30 days, BTW is ahead by 42.6 percentage points (MAT +2.8% against BTW +45.5%). Their daily returns move loosely together (correlation 0.49 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against MAT's 58%.

Correlation: 0.49
Size ratio: 1 : 5987.7
Ahead over 30 days: BTW

MatchainMAT

$0.035976

24h: +2.80%
Market cap: $260,160
Volume 24h: $193,680
Volatility (ann.): 58%

BitwayBTW

$1.0350

24h: +5.15%
Market cap: $1.56B
Volume 24h: $5.96M
Volatility (ann.): 362%

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

Performance

MATBTW

7 days-6.69%-40.12%MAT
30 days+2.84%+45.45%BTW

Correlation

0.49over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	MAT	BTW
Max drawdown (400d)	-12.2%	-60.7%
Risk-adjusted return (90d)	0.09	0.48

Relative strength over 90 days: BTW outperformed MAT by 56.6% — measured on the MAT/BTW ratio, so it holds regardless of market direction.

Matchain →Bitway →