Owlto Finance vs Bitway

Bitway (BTW) is 7920.3× the size of Owlto Finance (OWL) by market capitalisation. Over the past 30 days, BTW is ahead by 64.4 percentage points (OWL -19.0% against BTW +45.5%). Their daily returns move barely together (correlation 0.30 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against OWL's 283%.

Correlation: 0.30
Size ratio: 1 : 7920.3
Ahead over 30 days: BTW

Owlto FinanceOWL

$0.000579

24h: -0.64%
Market cap: $191,269
Volume 24h: $199,165
Volatility (ann.): 283%

BitwayBTW

$1.0040

24h: -5.74%
Market cap: $1.51B
Volume 24h: $3.63M
Volatility (ann.): 362%

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

Performance

OWLBTW

7 days+26.55%-40.12%OWL
30 days-18.98%+45.45%BTW

Correlation

0.30over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: 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	OWL	BTW
Max drawdown (400d)	-68.8%	-60.7%
Risk-adjusted return (90d)	-0.10	0.48

Relative strength over 90 days: BTW outperformed OWL by 69.9% — measured on the OWL/BTW ratio, so it holds regardless of market direction.

Owlto Finance →Bitway →