Ordiswap vs Bitway

Bitway (BTW) is 10125.6× the size of Ordiswap (ORDS) by market capitalisation. Over the past 30 days, BTW is ahead by 62.6 percentage points (ORDS -17.1% against BTW +45.5%). Their daily returns move barely together (correlation 0.19 across 21 shared trading days). BTW has been the more volatile of the two, at 362% annualised against ORDS's 46%.

Correlation: 0.19
Size ratio: 1 : 10125.6
Ahead over 30 days: BTW

OrdiswapORDS

$0.000153

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

BitwayBTW

$1.0310

24h: -6.84%
Market cap: $1.55B
Volume 24h: $5.07M
Volatility (ann.): 362%

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

Performance

ORDSBTW

7 days+0.00%-40.12%ORDS
30 days-17.13%+45.45%BTW

Correlation

0.19over 21 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	ORDS	BTW
Max drawdown (400d)	-22.3%	-60.7%
Risk-adjusted return (90d)	-0.37	0.48

Relative strength over 90 days: ORDS outperformed BTW by 61.2% — measured on the ORDS/BTW ratio, so it holds regardless of market direction.

Ordiswap →Bitway →