Loan Protocol vs Bitway

Bitway (BTW) is 180.4× the size of Loan Protocol (LOAN) by market capitalisation. Over the past 30 days, BTW is ahead by 86.0 percentage points (LOAN -12.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.00 across 22 shared trading days). BTW has been the more volatile of the two, at 365% annualised against LOAN's 79%.

Correlation: -0.00
Size ratio: 1 : 180.4
Ahead over 30 days: BTW

Loan ProtocolLOAN

$0.000261

24h: -0.05%
Market cap: $8.79M
Volume 24h: $73,444
Volatility (ann.): 79%

BitwayBTW

$1.0530

24h: +4.19%
Market cap: $1.59B
Volume 24h: $6.47M
Volatility (ann.): 365%

LOAN 0.6%Share of the two combined market caps99.4% BTW

Performance

LOANBTW

7 days-8.01%-44.93%LOAN
30 days-12.60%+73.36%BTW

Correlation

-0.00over 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	LOAN	BTW
Max drawdown (400d)	-22.6%	-60.7%
Risk-adjusted return (90d)	-0.16	0.43

Relative strength over 90 days: BTW outperformed LOAN by 65.6% — measured on the LOAN/BTW ratio, so it holds regardless of market direction.

Loan Protocol →Bitway →