TrustSwap vs Bitway

Bitway (BTW) is 443.6× the size of TrustSwap (SWAP) by market capitalisation. Over the past 30 days, BTW is ahead by 88.6 percentage points (SWAP -15.2% against BTW +73.4%). Their daily returns move closely together (correlation 0.61 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against SWAP's 56%.

Correlation: 0.61
Size ratio: 1 : 443.6
Ahead over 30 days: BTW

TrustSwapSWAP

$0.035742

24h: +0.32%
Market cap: $3.57M
Volume 24h: $27,602
Volatility (ann.): 56%

BitwayBTW

$1.0530

24h: +4.19%
Market cap: $1.59B
Volume 24h: $6.47M
Volatility (ann.): 365%

SWAP 0.2%Share of the two combined market caps99.8% BTW

Performance

SWAPBTW

7 days-10.69%-44.93%SWAP
30 days-15.19%+73.36%BTW

Correlation

0.61over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6190d: 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	SWAP	BTW
Max drawdown (400d)	-23.0%	-60.7%
Risk-adjusted return (90d)	-0.30	0.43

Relative strength over 90 days: BTW outperformed SWAP by 65.1% — measured on the SWAP/BTW ratio, so it holds regardless of market direction.

TrustSwap →Bitway →