Unitas vs Bitway

Bitway (BTW) is 70.4× the size of Unitas (UP) by market capitalisation. Over the past 30 days, BTW is ahead by 140.6 percentage points (UP -67.3% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.07 across 52 shared trading days). BTW has been the more volatile of the two, at 365% annualised against UP's 180%.

Correlation: -0.07
Size ratio: 1 : 70.4
Ahead over 30 days: BTW

UnitasUP

$0.108323

24h: -10.83%
Market cap: $23.40M
Volume 24h: $15.04M
Volatility (ann.): 180%

BitwayBTW

$1.0940

24h: +21.80%
Market cap: $1.65B
Volume 24h: $7.14M
Volatility (ann.): 365%

UP 1.4%Share of the two combined market caps98.6% BTW

Performance

UPBTW

7 days-37.79%-44.93%UP
30 days-67.28%+73.36%BTW

Correlation

-0.07over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	UP	BTW
Max drawdown (400d)	-78.6%	-60.7%
Risk-adjusted return (90d)	-0.39	0.43

Relative strength over 90 days: BTW outperformed UP by 88.6% — measured on the UP/BTW ratio, so it holds regardless of market direction.

Unitas →Bitway →