Stake DAO vs Bitway

Bitway (BTW) is 253.1× the size of Stake DAO (SDT) by market capitalisation. Over the past 30 days, BTW is ahead by 80.9 percentage points (SDT -7.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.11 across 32 shared trading days). BTW has been the more volatile of the two, at 365% annualised against SDT's 68%.

Correlation: -0.11
Size ratio: 1 : 253.1
Ahead over 30 days: BTW

Stake DAOSDT

$0.096062

24h: +0.05%
Market cap: $6.59M
Volume 24h: $876
Volatility (ann.): 68%

BitwayBTW

$1.1100

24h: +23.07%
Market cap: $1.67B
Volume 24h: $7.07M
Volatility (ann.): 365%

SDT 0.4%Share of the two combined market caps99.6% BTW

Performance

SDTBTW

7 days-3.29%-44.93%SDT
30 days-7.59%+73.36%BTW

Correlation

-0.11over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	SDT	BTW
Max drawdown (400d)	-21.4%	-60.7%
Risk-adjusted return (90d)	-0.14	0.43

Relative strength over 90 days: BTW outperformed SDT by 58.7% — measured on the SDT/BTW ratio, so it holds regardless of market direction.

Stake DAO →Bitway →