WhiteBIT Coin vs Bitway

WhiteBIT Coin (WBT) is 2.1× the size of Bitway (BTW) by market capitalisation. Over the past 30 days, BTW is ahead by 142.7 percentage points (WBT +37.9% against BTW +180.5%). Their daily returns move barely together (correlation 0.23 across 35 shared trading days). BTW has been the more volatile of the two, at 333% annualised against WBT's 69%.

Correlation: 0.23
Size ratio: 2.1×
Ahead over 30 days: BTW

WhiteBIT CoinWBT

$81.5900

24h: +0.31%
Market cap: $9.69B
Volume 24h: $23.83M
Volatility (ann.): 69%

BitwayBTW

$1.6800

24h: +3.55%
Market cap: $4.56B
Volume 24h: $12.23M
Volatility (ann.): 333%

WBT 68.0%Share of the two combined market caps32.0% BTW

Performance

WBTBTW

7 days+4.34%+101.46%BTW
30 days+37.90%+180.55%BTW

Correlation

0.23over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2790d: 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	WBT	BTW
Max drawdown (400d)	-4.0%	-23.4%
Risk-adjusted return (90d)	0.77	0.60

Relative strength over 90 days: BTW outperformed WBT by 48.8% — measured on the WBT/BTW ratio, so it holds regardless of market direction.

WhiteBIT Coin →Bitway →