PoolTogether vs Bitway

Bitway (BTW) is 12411.7× the size of PoolTogether (POOL) by market capitalisation. Over the past 30 days, BTW is ahead by 76.7 percentage points (POOL -31.3% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.08 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against POOL's 71%.

Correlation: -0.08
Size ratio: 1 : 12411.7
Ahead over 30 days: BTW

PoolTogetherPOOL

$0.013867

24h: -2.81%
Market cap: $133,307
Volume 24h: $165
Volatility (ann.): 71%

BitwayBTW

$1.0990

24h: +4.44%
Market cap: $1.65B
Volume 24h: $4.68M
Volatility (ann.): 362%

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

Performance

POOLBTW

7 days-2.79%-40.12%POOL
30 days-31.29%+45.45%BTW

Correlation

-0.08over 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	POOL	BTW
Max drawdown (400d)	-35.1%	-60.7%
Risk-adjusted return (90d)	-0.48	0.48

Relative strength over 90 days: POOL outperformed BTW by 39.3% — measured on the POOL/BTW ratio, so it holds regardless of market direction.

PoolTogether →Bitway →