Metaverse Index vs Bitway

Bitway (BTW) is 3645.4× the size of Metaverse Index (MVI) by market capitalisation. Over the past 30 days, BTW is ahead by 64.6 percentage points (MVI -19.2% against BTW +45.5%). Their daily returns move barely together (correlation 0.11 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against MVI's 60%.

Correlation: 0.11
Size ratio: 1 : 3645.4
Ahead over 30 days: BTW

Metaverse IndexMVI

$4.6700

24h: +5.61%
Market cap: $423,379
Volume 24h: $282
Volatility (ann.): 60%

BitwayBTW

$1.0250

24h: -0.15%
Market cap: $1.54B
Volume 24h: $6.28M
Volatility (ann.): 362%

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

Performance

MVIBTW

7 days-1.68%-40.12%MVI
30 days-19.17%+45.45%BTW

Correlation

0.11over 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	MVI	BTW
Max drawdown (400d)	-24.8%	-60.7%
Risk-adjusted return (90d)	-0.16	0.48

Relative strength over 90 days: MVI outperformed BTW by 41.4% — measured on the MVI/BTW ratio, so it holds regardless of market direction.

Metaverse Index →Bitway →