Bitway (BTW) is 2998.7× the size of XPowermine.com APOW (APOW) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 28 shared trading days). Both have run at a similar volatility, around 363% annualised.
APOWBTW
0.05over 28 shared trading days
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.
| Metric | APOW | BTW |
|---|---|---|
| Max drawdown (400d) | -99.4% | -60.7% |
| Risk-adjusted return (90d) | -0.27 | 0.43 |
Relative strength over 90 days: BTW outperformed APOW by 99.8% — measured on the APOW/BTW ratio, so it holds regardless of market direction.