Tethereum vs Bitway

Bitway (BTW) is 283.3× the size of Tethereum (T99) by market capitalisation. Over the past 30 days, BTW is ahead by 72.3 percentage points (T99 +1.0% against BTW +73.4%). Their daily returns move barely together (correlation 0.14 across 22 shared trading days). BTW has been the more volatile of the two, at 365% annualised against T99's 7%.

Correlation: 0.14
Size ratio: 1 : 283.3
Ahead over 30 days: BTW

TethereumT99

$0.302004

24h: +0.04%
Market cap: $6.08M
Volume 24h: $27,295
Volatility (ann.): 7%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

T99 0.4%Share of the two combined market caps99.6% BTW

Performance

T99BTW

7 days+0.59%-44.93%T99
30 days+1.02%+73.36%BTW

Correlation

0.14over 22 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	T99	BTW
Max drawdown (400d)	-0.8%	-60.7%
Risk-adjusted return (90d)	0.15	0.43

Relative strength over 90 days: BTW outperformed T99 by 60.2% — measured on the T99/BTW ratio, so it holds regardless of market direction.

Tethereum →Bitway →