Pawtato vs Bitway

Bitway (BTW) is 915.1× the size of Pawtato (TATO) by market capitalisation. Over the past 30 days, BTW is ahead by 26.6 percentage points (TATO +46.7% against BTW +73.4%). Their daily returns move loosely together (correlation 0.47 across 26 shared trading days). BTW has been the more volatile of the two, at 365% annualised against TATO's 145%.

Correlation: 0.47
Size ratio: 1 : 915.1
Ahead over 30 days: BTW

PawtatoTATO

$0.006786

24h: -2.99%
Market cap: $1.88M
Volume 24h: $2,013
Volatility (ann.): 145%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

TATO 0.1%Share of the two combined market caps99.9% BTW

Performance

TATOBTW

7 days+24.48%-44.93%TATO
30 days+46.74%+73.36%BTW

Correlation

0.47over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	TATO	BTW
Max drawdown (400d)	-32.2%	-60.7%
Risk-adjusted return (90d)	0.19	0.43

Relative strength over 90 days: BTW outperformed TATO by 45.6% — measured on the TATO/BTW ratio, so it holds regardless of market direction.

Pawtato →Bitway →