VaultBags vs Bitway

Bitway (BTW) is 87354.4× the size of VaultBags (VAULT) by market capitalisation. Over the past 30 days, BTW is ahead by 111.2 percentage points (VAULT -65.8% against BTW +45.5%). Their daily returns move barely together (correlation 0.16 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against VAULT's 138%.

Correlation: 0.16
Size ratio: 1 : 87354.4
Ahead over 30 days: BTW

VaultBagsVAULT

$1.985e-5

24h: -3.99%
Market cap: $19,852
Volume 24h: $1,718
Volatility (ann.): 138%

BitwayBTW

$1.1500

24h: +11.60%
Market cap: $1.73B
Volume 24h: $5.06M
Volatility (ann.): 362%

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

Performance

VAULTBTW

7 days-47.89%-40.12%BTW
30 days-65.79%+45.45%BTW

Correlation

0.16over 24 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	VAULT	BTW
Max drawdown (400d)	-65.8%	-60.7%
Risk-adjusted return (90d)	-0.48	0.48

Relative strength over 90 days: BTW outperformed VAULT by 14.8% — measured on the VAULT/BTW ratio, so it holds regardless of market direction.

VaultBags →Bitway →