TitanX (TITANX) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 87.9 percentage points (TITANX -14.6% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.40 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against TITANX's 81%.
TITANXBTW
-0.40over 23 shared trading days
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.
| Metric | TITANX | BTW |
|---|---|---|
| Max drawdown (400d) | -19.8% | -60.7% |
| Risk-adjusted return (90d) | -0.19 | 0.43 |
Relative strength over 90 days: TITANX outperformed BTW by 71.5% — measured on the TITANX/BTW ratio, so it holds regardless of market direction.