SailOut Royalty vs Bitway

Bitway (BTW) is 83.9× the size of SailOut Royalty (SAIL.R) by market capitalisation. Over the past 30 days, BTW is ahead by 72.3 percentage points (SAIL.R +1.1% against BTW +73.4%). Their daily returns move barely together (correlation 0.09 across 20 shared trading days). BTW has been the more volatile of the two, at 365% annualised against SAIL.R's 8%.

Correlation: 0.09
Size ratio: 1 : 83.9
Ahead over 30 days: BTW

SailOut RoyaltySAIL.R

$13.8000

24h: +0.14%
Market cap: $20.69M
Volume 24h: $498
Volatility (ann.): 8%

BitwayBTW

$1.1500

24h: +12.15%
Market cap: $1.74B
Volume 24h: $6.98M
Volatility (ann.): 365%

SAIL.R 1.2%Share of the two combined market caps98.8% BTW

Performance

SAIL.RBTW

7 days+0.75%-44.93%SAIL.R
30 days+1.10%+73.36%BTW

Correlation

0.09over 20 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	SAIL.R	BTW
Max drawdown (400d)	-0.7%	-60.7%
Risk-adjusted return (90d)	0.13	0.43

Relative strength over 90 days: BTW outperformed SAIL.R by 60.2% — measured on the SAIL.R/BTW ratio, so it holds regardless of market direction.

SailOut Royalty →Bitway →