OLY (OLY) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 78.5 percentage points (OLY -33.1% against BTW +45.5%). Their daily returns move barely together (correlation 0.12 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against OLY's 75%.
OLYBTW
0.12over 24 shared trading days
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.
| Metric | OLY | BTW |
|---|---|---|
| Max drawdown (400d) | -33.5% | -60.7% |
| Risk-adjusted return (90d) | -0.27 | 0.48 |
Relative strength over 90 days: OLY outperformed BTW by 54.1% — measured on the OLY/BTW ratio, so it holds regardless of market direction.