XPIN Network vs Bitway

Bitway (BTW) is 46.2× the size of XPIN Network (XPIN) by market capitalisation. Over the past 30 days, BTW is ahead by 51.4 percentage points (XPIN -5.9% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.14 across 45 shared trading days). BTW has been the more volatile of the two, at 362% annualised against XPIN's 116%.

Correlation: -0.14
Size ratio: 1 : 46.2
Ahead over 30 days: BTW

XPIN NetworkXPIN

$0.000717

24h: +1.37%
Market cap: $33.14M
Volume 24h: $1.21M
Volatility (ann.): 116%

BitwayBTW

$1.0180

24h: +5.87%
Market cap: $1.53B
Volume 24h: $6.38M
Volatility (ann.): 362%

XPIN 2.1%Share of the two combined market caps97.9% BTW

Performance

XPINBTW

7 days-14.86%-40.12%XPIN
30 days-5.95%+45.45%BTW

Correlation

-0.14over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	XPIN	BTW
Max drawdown (400d)	-41.0%	-60.7%
Risk-adjusted return (90d)	-0.27	0.48

Relative strength over 90 days: BTW outperformed XPIN by 70.8% — measured on the XPIN/BTW ratio, so it holds regardless of market direction.

XPIN Network →Bitway →