Pixie Dust vs Bitway

Bitway (BTW) is 30082.3× the size of Pixie Dust (DUST) by market capitalisation. Over the past 30 days, BTW is ahead by 81.6 percentage points (DUST -36.2% against BTW +45.5%). Their daily returns move barely together (correlation 0.05 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against DUST's 59%.

Correlation: 0.05
Size ratio: 1 : 30082.3
Ahead over 30 days: BTW

Pixie DustDUST

$0.015547

24h: -1.82%
Market cap: $51,476
Volume 24h: $323
Volatility (ann.): 59%

BitwayBTW

$1.0280

24h: -5.58%
Market cap: $1.55B
Volume 24h: $3.55M
Volatility (ann.): 362%

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

Performance

DUSTBTW

7 days-7.03%-40.12%DUST
30 days-36.20%+45.45%BTW

Correlation

0.05over 24 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	DUST	BTW
Max drawdown (400d)	-40.8%	-60.7%
Risk-adjusted return (90d)	-0.69	0.48

Relative strength over 90 days: DUST outperformed BTW by 30.6% — measured on the DUST/BTW ratio, so it holds regardless of market direction.

Pixie Dust →Bitway →