sudoswap vs Bitway

Bitway (BTW) is 1853.6× the size of sudoswap (SUDO) by market capitalisation. Over the past 30 days, BTW is ahead by 81.9 percentage points (SUDO -8.5% against BTW +73.4%). Their daily returns move barely together (correlation 0.15 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against SUDO's 71%.

Correlation: 0.15
Size ratio: 1 : 1853.6
Ahead over 30 days: BTW

sudoswapSUDO

$0.034735

24h: —
Market cap: $888,515
Volume 24h: $320
Volatility (ann.): 71%

BitwayBTW

$1.0940

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

SUDO 0.1%Share of the two combined market caps99.9% BTW

Performance

SUDOBTW

7 days-4.19%-44.93%SUDO
30 days-8.55%+73.36%BTW

Correlation

0.15over 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	SUDO	BTW
Max drawdown (400d)	-20.1%	-60.7%
Risk-adjusted return (90d)	-0.13	0.43

Relative strength over 90 days: BTW outperformed SUDO by 61.4% — measured on the SUDO/BTW ratio, so it holds regardless of market direction.

sudoswap →Bitway →