Pickle Finance vs Bitway

Bitway (BTW) is 56937.2× the size of Pickle Finance (PICKLE) by market capitalisation. Over the past 30 days, BTW is ahead by 48.0 percentage points (PICKLE -2.6% against BTW +45.5%). Their daily returns move loosely together (correlation 0.45 across 22 shared trading days). BTW has been the more volatile of the two, at 362% annualised against PICKLE's 58%.

Correlation: 0.45
Size ratio: 1 : 56937.2
Ahead over 30 days: BTW

Pickle FinancePICKLE

$0.014259

24h: +6.52%
Market cap: $29,103
Volume 24h: $5
Volatility (ann.): 58%

BitwayBTW

$1.1000

24h: +6.90%
Market cap: $1.66B
Volume 24h: $5.03M
Volatility (ann.): 362%

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

Performance

PICKLEBTW

7 days+2.30%-40.12%PICKLE
30 days-2.60%+45.45%BTW

Correlation

0.45over 22 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	PICKLE	BTW
Max drawdown (400d)	-15.0%	-60.7%
Risk-adjusted return (90d)	-0.04	0.48

Relative strength over 90 days: PICKLE outperformed BTW by 72.6% — measured on the PICKLE/BTW ratio, so it holds regardless of market direction.

Pickle Finance →Bitway →