QBX vs Bitway

Bitway (BTW) is 1410.6× the size of QBX (QBX) by market capitalisation. Over the past 30 days, BTW is ahead by 73.7 percentage points (QBX -0.4% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.46 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against QBX's 150%.

Correlation: -0.46
Size ratio: 1 : 1410.6
Ahead over 30 days: BTW

QBXQBX

$0.000807

24h: +4.79%
Market cap: $1.11M
Volume 24h: $31,706
Volatility (ann.): 150%

BitwayBTW

$1.0430

24h: -0.13%
Market cap: $1.57B
Volume 24h: $6.55M
Volatility (ann.): 365%

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

Performance

QBXBTW

7 days+33.95%-44.93%QBX
30 days-0.38%+73.36%BTW

Correlation

-0.46over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4690d: 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	QBX	BTW
Max drawdown (400d)	-36.3%	-60.7%
Risk-adjusted return (90d)	-0.10	0.43

Relative strength over 90 days: BTW outperformed QBX by 63.8% — measured on the QBX/BTW ratio, so it holds regardless of market direction.

QBX →Bitway →