SavePlanetEarth vs Energy Web Token

Energy Web Token (EWT) is 22.5× the size of SavePlanetEarth (SPE) by market capitalisation. Over the past 30 days, EWT is ahead by 24.7 percentage points (SPE -18.7% against EWT +6.1%). Their daily returns move loosely together (correlation 0.51 across 33 shared trading days). EWT has been the more volatile of the two, at 97% annualised against SPE's 74%.

Correlation: 0.51
Size ratio: 1 : 22.5
Ahead over 30 days: EWT

SavePlanetEarthSPE

$0.001775

24h: +0.32%
Market cap: $1.05M
Volume 24h: $4,971
Volatility (ann.): 74%

Energy Web TokenEWT

$0.290396

24h: +2.24%
Market cap: $23.54M
Volume 24h: $217,680
Volatility (ann.): 97%

SPE 4.3%Share of the two combined market caps95.7% EWT

Performance

SPEEWT

7 days-19.20%-2.36%EWT
30 days-18.66%+6.05%EWT

Correlation

0.51over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	SPE	EWT
Max drawdown (400d)	-24.1%	-21.1%
Risk-adjusted return (90d)	-0.26	0.01

Relative strength over 90 days: EWT outperformed SPE by 24.1% — measured on the SPE/EWT ratio, so it holds regardless of market direction.

SavePlanetEarth →Energy Web Token →