Niftyx Protocol vs Bitway

Bitway (BTW) is 16957.3× the size of Niftyx Protocol (SHROOM) by market capitalisation. Over the past 30 days, BTW is ahead by 56.4 percentage points (SHROOM -11.0% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.01 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against SHROOM's 52%.

Correlation: -0.01
Size ratio: 1 : 16957.3
Ahead over 30 days: BTW

Niftyx ProtocolSHROOM

$0.002106

24h: +7.02%
Market cap: $90,692
Volume 24h: $28
Volatility (ann.): 52%

BitwayBTW

$1.0210

24h: -5.20%
Market cap: $1.54B
Volume 24h: $4.74M
Volatility (ann.): 362%

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

Performance

SHROOMBTW

7 days+2.54%-40.12%SHROOM
30 days-10.97%+45.45%BTW

Correlation

-0.01over 24 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	SHROOM	BTW
Max drawdown (400d)	-18.7%	-60.7%
Risk-adjusted return (90d)	-0.20	0.48

Relative strength over 90 days: SHROOM outperformed BTW by 60.9% — measured on the SHROOM/BTW ratio, so it holds regardless of market direction.

Niftyx Protocol →Bitway →