Vesper Finance vs Bitway

Bitway (BTW) is 1037.9× the size of Vesper Finance (VSP) by market capitalisation. Over the past 30 days, VSP is ahead by 15.1 percentage points (VSP +88.4% against BTW +73.4%). Their daily returns move barely together (correlation 0.32 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against VSP's 157%.

Correlation: 0.32
Size ratio: 1 : 1037.9
Ahead over 30 days: VSP

Vesper FinanceVSP

$0.170037

24h: -0.47%
Market cap: $1.60M
Volume 24h: $88
Volatility (ann.): 157%

BitwayBTW

$1.1000

24h: +13.05%
Market cap: $1.66B
Volume 24h: $5.85M
Volatility (ann.): 365%

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

Performance

VSPBTW

7 days+53.15%-44.93%VSP
30 days+88.44%+73.36%VSP

Correlation

0.32over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	VSP	BTW
Max drawdown (400d)	-31.1%	-60.7%
Risk-adjusted return (90d)	0.23	0.43

Relative strength over 90 days: BTW outperformed VSP by 42.5% — measured on the VSP/BTW ratio, so it holds regardless of market direction.

Vesper Finance →Bitway →