Step Finance vs Bitway

Bitway (BTW) is 43291.9× the size of Step Finance (STEP) by market capitalisation. Over the past 30 days, BTW is ahead by 57.4 percentage points (STEP -11.9% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.11 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against STEP's 35%.

Correlation: -0.11
Size ratio: 1 : 43291.9
Ahead over 30 days: BTW

Step FinanceSTEP

$0.000116

24h: +0.78%
Market cap: $38,276
Volume 24h: $143
Volatility (ann.): 35%

BitwayBTW

$1.1000

24h: +6.90%
Market cap: $1.66B
Volume 24h: $5.03M
Volatility (ann.): 362%

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

Performance

STEPBTW

7 days-0.09%-40.12%STEP
30 days-11.92%+45.45%BTW

Correlation

-0.11over 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	STEP	BTW
Max drawdown (400d)	-13.0%	-60.7%
Risk-adjusted return (90d)	-0.31	0.48

Relative strength over 90 days: STEP outperformed BTW by 68.8% — measured on the STEP/BTW ratio, so it holds regardless of market direction.

Step Finance →Bitway →