Yelay vs Bitway

Bitway (BTW) is 995.2× the size of Yelay (YLAY) by market capitalisation. Over the past 30 days, BTW is ahead by 107.1 percentage points (YLAY -33.7% against BTW +73.4%). Their daily returns move barely together (correlation 0.21 across 29 shared trading days). BTW has been the more volatile of the two, at 365% annualised against YLAY's 110%.

Correlation: 0.21
Size ratio: 1 : 995.2
Ahead over 30 days: BTW

YelayYLAY

$0.002219

24h: -34.16%
Market cap: $1.58M
Volume 24h: $28,963
Volatility (ann.): 110%

BitwayBTW

$1.0430

24h: -0.13%
Market cap: $1.57B
Volume 24h: $6.55M
Volatility (ann.): 365%

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

Performance

YLAYBTW

7 days-34.18%-44.93%YLAY
30 days-33.71%+73.36%BTW

Correlation

0.21over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	YLAY	BTW
Max drawdown (400d)	-38.1%	-60.7%
Risk-adjusted return (90d)	-0.30	0.43

Relative strength over 90 days: BTW outperformed YLAY by 71.6% — measured on the YLAY/BTW ratio, so it holds regardless of market direction.

Yelay →Bitway →