Universal USDC vs Bitway

Bitway (BTW) is 2070.1× the size of Universal USDC (UUSDC) by market capitalisation. Over the past 30 days, BTW is ahead by 72.9 percentage points (UUSDC +0.5% against BTW +73.4%). Their daily returns move barely together (correlation 0.20 across 20 shared trading days). BTW has been the more volatile of the two, at 365% annualised against UUSDC's 4%.

Correlation: 0.20
Size ratio: 1 : 2070.1
Ahead over 30 days: BTW

Universal USDCUUSDC

$2.0900

24h: +0.01%
Market cap: $754,588
Volume 24h: —
Volatility (ann.): 4%

BitwayBTW

$1.0370

24h: +7.59%
Market cap: $1.56B
Volume 24h: $6.47M
Volatility (ann.): 365%

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

Performance

UUSDCBTW

7 days+0.00%-44.93%UUSDC
30 days+0.48%+73.36%BTW

Correlation

0.20over 20 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	UUSDC	BTW
Max drawdown (400d)	-0.5%	-60.7%
Risk-adjusted return (90d)	0.11	0.43

Relative strength over 90 days: BTW outperformed UUSDC by 63.3% — measured on the UUSDC/BTW ratio, so it holds regardless of market direction.

Universal USDC →Bitway →