Bitway (BTW) is 694.2× the size of R0AR Token (1R0R) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.31 across 44 shared trading days). BTW has been the more volatile of the two, at 365% annualised against 1R0R's 81%.
1R0RBTW
-0.31over 44 shared trading days
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.
| Metric | 1R0R | BTW |
|---|---|---|
| Max drawdown (400d) | -97.5% | -60.7% |
| Risk-adjusted return (90d) | -0.36 | 0.43 |
| Best 30 days (past year) | +52.2% | — |
| Worst 30 days (past year) | -67.7% | — |
Relative strength over 90 days: BTW outperformed 1R0R by 64.6% — measured on the 1R0R/BTW ratio, so it holds regardless of market direction.