WOWswap vs Bitway

Bitway (BTW) is 155242.6× the size of WOWswap (WOW) by market capitalisation. Over the past 30 days, BTW is ahead by 87.2 percentage points (WOW -41.7% against BTW +45.5%). Their daily returns move barely together (correlation 0.16 across 21 shared trading days). BTW has been the more volatile of the two, at 362% annualised against WOW's 146%.

Correlation: 0.16
Size ratio: 1 : 155242.6
Ahead over 30 days: BTW

WOWswapWOW

$0.010680

24h: +3.66%
Market cap: $10,674
Volume 24h: $11
Volatility (ann.): 146%

BitwayBTW

$1.1000

24h: +6.90%
Market cap: $1.66B
Volume 24h: $5.03M
Volatility (ann.): 362%

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

Performance

WOWBTW

7 days-34.98%-40.12%WOW
30 days-41.72%+45.45%BTW

Correlation

0.16over 21 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	WOW	BTW
Max drawdown (400d)	-48.5%	-60.7%
Risk-adjusted return (90d)	-0.28	0.48

Relative strength over 90 days: WOW outperformed BTW by 9.5% — measured on the WOW/BTW ratio, so it holds regardless of market direction.

WOWswap →Bitway →