Spiral Stake vs Bitway

Spiral Stake (SPRL) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 136.2 percentage points (SPRL -62.8% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.25 across 23 shared trading days). SPRL has been the more volatile of the two, at 513% annualised against BTW's 365%.

Correlation: -0.25
Ahead over 30 days: BTW

Spiral StakeSPRL

$5.205e-5

24h: -14.25%
Market cap: —
Volume 24h: $854
Volatility (ann.): 513%

BitwayBTW

$1.0940

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

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

Performance

SPRLBTW

7 days+23.45%-44.93%SPRL
30 days-62.85%+73.36%BTW

Correlation

-0.25over 23 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	SPRL	BTW
Max drawdown (400d)	-78.9%	-60.7%
Risk-adjusted return (90d)	-0.14	0.43

Relative strength over 90 days: BTW outperformed SPRL by 29.0% — measured on the SPRL/BTW ratio, so it holds regardless of market direction.

Spiral Stake →Bitway →