Ref Finance vs Bitway

Bitway (BTW) is 250.5× the size of Ref Finance (REF) by market capitalisation. Over the past 30 days, BTW is ahead by 33.4 percentage points (REF +40.0% against BTW +73.4%). Their daily returns move loosely together (correlation 0.57 across 32 shared trading days). BTW has been the more volatile of the two, at 365% annualised against REF's 146%.

Correlation: 0.57
Size ratio: 1 : 250.5
Ahead over 30 days: BTW

Ref FinanceREF

$0.068647

24h: -1.62%
Market cap: $6.59M
Volume 24h: $221
Volatility (ann.): 146%

BitwayBTW

$1.0970

24h: +3.84%
Market cap: $1.65B
Volume 24h: $6.94M
Volatility (ann.): 365%

REF 0.4%Share of the two combined market caps99.6% BTW

Performance

REFBTW

7 days-16.83%-44.93%REF
30 days+39.98%+73.36%BTW

Correlation

0.57over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5790d: 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	REF	BTW
Max drawdown (400d)	-34.6%	-60.7%
Risk-adjusted return (90d)	0.51	0.43

Relative strength over 90 days: BTW outperformed REF by 20.5% — measured on the REF/BTW ratio, so it holds regardless of market direction.

Ref Finance →Bitway →