Pancake Bunny vs Bitway

Bitway (BTW) is 179338.1× the size of Pancake Bunny (BUNNY) by market capitalisation. Over the past 30 days, BTW is ahead by 83.8 percentage points (BUNNY -15.3% against BTW +68.4%). Their daily returns move barely together (correlation 0.16 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against BUNNY's 41%.

Correlation: 0.16
Size ratio: 1 : 179338.1
Ahead over 30 days: BTW

Pancake BunnyBUNNY

$0.018267

24h: -4.12%
Market cap: $9,320
Volume 24h: $12
Volatility (ann.): 41%

BitwayBTW

$1.1100

24h: +7.21%
Market cap: $1.67B
Volume 24h: $5.56M
Volatility (ann.): 359%

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

Performance

BUNNYBTW

7 days-7.49%-31.25%BUNNY
30 days-15.32%+68.43%BTW

Correlation

0.16over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	BUNNY	BTW
Max drawdown (400d)	-16.5%	-60.7%
Risk-adjusted return (90d)	-0.36	0.54

Relative strength over 90 days: BUNNY outperformed BTW by 44.7% — measured on the BUNNY/BTW ratio, so it holds regardless of market direction.

Pancake Bunny →Bitway →