Solana Swap vs Bitway

Bitway (BTW) is 36300.0× the size of Solana Swap (SOS) by market capitalisation. Over the past 30 days, BTW is ahead by 125.7 percentage points (SOS -80.3% against BTW +45.5%). Their daily returns move barely together (correlation 0.20 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against SOS's 234%.

Correlation: 0.20
Size ratio: 1 : 36300.0
Ahead over 30 days: BTW

Solana SwapSOS

$4.173e-5

24h: +5.55%
Market cap: $41,732
Volume 24h: $3,025
Volatility (ann.): 234%

BitwayBTW

$1.0060

24h: -8.88%
Market cap: $1.51B
Volume 24h: $4.67M
Volatility (ann.): 362%

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

Performance

SOSBTW

7 days-34.29%-40.12%SOS
30 days-80.27%+45.45%BTW

Correlation

0.20over 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	SOS	BTW
Max drawdown (400d)	-82.3%	-60.7%
Risk-adjusted return (90d)	-0.34	0.48

Relative strength over 90 days: BTW outperformed SOS by 42.1% — measured on the SOS/BTW ratio, so it holds regardless of market direction.

Solana Swap →Bitway →