Multibit vs Ordiswap

Multibit (MUBI) is 1.3× the size of Ordiswap (ORDS) by market capitalisation. Over the past 30 days, MUBI is ahead by 7.3 percentage points (MUBI -9.9% against ORDS -17.1%). Their daily returns move barely together (correlation 0.22 across 29 shared trading days). MUBI has been the more volatile of the two, at 136% annualised against ORDS's 46%.

Correlation: 0.22
Size ratio: 1.3×
Ahead over 30 days: MUBI

MultibitMUBI

$0.000203

24h: +4.18%
Market cap: $192,440
Volume 24h: $225
Volatility (ann.): 136%

OrdiswapORDS

$0.000153

24h: —
Market cap: $153,311
Volume 24h: $45
Volatility (ann.): 46%

MUBI 55.7%Share of the two combined market caps44.3% ORDS

Performance

MUBIORDS

7 days-11.74%+0.00%ORDS
30 days-9.86%-17.13%MUBI

Correlation

0.22over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	MUBI	ORDS
Max drawdown (400d)	-26.3%	-22.3%
Risk-adjusted return (90d)	0.00	-0.37

Relative strength over 90 days: MUBI outperformed ORDS by 21.4% — measured on the MUBI/ORDS ratio, so it holds regardless of market direction.

Multibit →Ordiswap →