Ultiverse vs Bitway

Bitway (BTW) is 49862.8× the size of Ultiverse (ULTI) by market capitalisation. Over the past 30 days, BTW is ahead by 138.5 percentage points (ULTI -70.1% against BTW +68.4%). Their daily returns move barely together (correlation 0.17 across 25 shared trading days). ULTI has been the more volatile of the two, at 1924% annualised against BTW's 359%.

Correlation: 0.17
Size ratio: 1 : 49862.8
Ahead over 30 days: BTW

UltiverseULTI

$5.230e-6

24h: —
Market cap: $34,235
Volume 24h: —
Volatility (ann.): 1924%

BitwayBTW

$1.1300

24h: +8.21%
Market cap: $1.71B
Volume 24h: $5.38M
Volatility (ann.): 359%

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

Performance

ULTIBTW

7 days-33.41%-31.25%BTW
30 days-70.08%+68.43%BTW

Correlation

0.17over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	ULTI	BTW
Max drawdown (400d)	-86.2%	-60.7%
Risk-adjusted return (90d)	0.00	0.54

Relative strength over 90 days: ULTI outperformed BTW by 62.2% — measured on the ULTI/BTW ratio, so it holds regardless of market direction.

Ultiverse →Bitway →