Unchain X vs Bitway

Bitway (BTW) is 1097.8× the size of Unchain X (UNX) by market capitalisation. Over the past 30 days, BTW is ahead by 100.0 percentage points (UNX -26.7% against BTW +73.4%). Their daily returns move barely together (correlation 0.11 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against UNX's 133%.

Correlation: 0.11
Size ratio: 1 : 1097.8
Ahead over 30 days: BTW

Unchain XUNX

$0.003727

24h: -0.83%
Market cap: $1.55M
Volume 24h: $18,849
Volatility (ann.): 133%

BitwayBTW

$1.1300

24h: +15.12%
Market cap: $1.70B
Volume 24h: $5.94M
Volatility (ann.): 365%

UNX 0.1%Share of the two combined market caps99.9% BTW

Performance

UNXBTW

7 days-8.01%-44.93%UNX
30 days-26.69%+73.36%BTW

Correlation

0.11over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	UNX	BTW
Max drawdown (400d)	-32.0%	-60.7%
Risk-adjusted return (90d)	-0.05	0.43

Relative strength over 90 days: BTW outperformed UNX by 60.6% — measured on the UNX/BTW ratio, so it holds regardless of market direction.

Unchain X →Bitway →