Ripe DAO Governance Token vs Bitway

Bitway (BTW) is 2318.9× the size of Ripe DAO Governance Token (RIPE) by market capitalisation. Over the past 30 days, BTW is ahead by 136.0 percentage points (RIPE -62.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.06 across 28 shared trading days). RIPE has been the more volatile of the two, at 925% annualised against BTW's 365%.

Correlation: -0.06
Size ratio: 1 : 2318.9
Ahead over 30 days: BTW

Ripe DAO Governance TokenRIPE

$0.438279

24h: -0.92%
Market cap: $710,240
Volume 24h: $533
Volatility (ann.): 925%

BitwayBTW

$1.0940

24h: +21.80%
Market cap: $1.65B
Volume 24h: $7.14M
Volatility (ann.): 365%

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

Performance

RIPEBTW

7 days-0.43%-44.93%RIPE
30 days-62.60%+73.36%BTW

Correlation

-0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	RIPE	BTW
Max drawdown (400d)	-93.7%	-60.7%
Risk-adjusted return (90d)	-0.08	0.43

Relative strength over 90 days: BTW outperformed RIPE by 88.8% — measured on the RIPE/BTW ratio, so it holds regardless of market direction.

Ripe DAO Governance Token →Bitway →