Tranche Finance vs Bitway

Bitway (BTW) is 9834.8× the size of Tranche Finance (SLICE) by market capitalisation. Over the past 30 days, BTW is ahead by 56.6 percentage points (SLICE -11.1% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.28 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against SLICE's 43%.

Correlation: -0.28
Size ratio: 1 : 9834.8
Ahead over 30 days: BTW

Tranche FinanceSLICE

$0.009062

24h: +4.68%
Market cap: $157,844
Volume 24h: $643
Volatility (ann.): 43%

BitwayBTW

$1.0310

24h: -6.84%
Market cap: $1.55B
Volume 24h: $5.07M
Volatility (ann.): 362%

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

Performance

SLICEBTW

7 days+4.00%-40.12%SLICE
30 days-11.14%+45.45%BTW

Correlation

-0.28over 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	SLICE	BTW
Max drawdown (400d)	-18.2%	-60.7%
Risk-adjusted return (90d)	-0.24	0.48

Relative strength over 90 days: SLICE outperformed BTW by 59.8% — measured on the SLICE/BTW ratio, so it holds regardless of market direction.

Tranche Finance →Bitway →