mETH Protocol vs Bitway

Bitway (BTW) is 806.5× the size of mETH Protocol (COOK) by market capitalisation. Over the past 30 days, BTW is ahead by 54.4 percentage points (COOK -9.0% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.00 across 29 shared trading days). BTW has been the more volatile of the two, at 362% annualised against COOK's 38%.

Correlation: -0.00
Size ratio: 1 : 806.5
Ahead over 30 days: BTW

mETH ProtocolCOOK

$0.001920

24h: -0.17%
Market cap: $1.84M
Volume 24h: $22,562
Volatility (ann.): 38%

BitwayBTW

$0.987116

24h: -11.29%
Market cap: $1.49B
Volume 24h: $3.66M
Volatility (ann.): 362%

COOK 0.1%Share of the two combined market caps99.9% BTW

Performance

COOKBTW

7 days-1.07%-40.12%COOK
30 days-9.00%+45.45%BTW

Correlation

-0.00over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0090d: 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	COOK	BTW
Max drawdown (400d)	-21.9%	-60.7%
Risk-adjusted return (90d)	-0.38	0.48

Relative strength over 90 days: BTW outperformed COOK by 66.3% — measured on the COOK/BTW ratio, so it holds regardless of market direction.

mETH Protocol →Bitway →