ABTC vs BTBT: Correlation
Measured on weekly returns over the past three years, American Bitcoin Corp. (ABTC) and Bit Digital, Inc. (BTBT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTC and BTBT?
Across a 3-year window, the weekly returns of ABTC and BTBT correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 5541.3 %².
In ABTC's tracked universe of 13 assets, BTBT sits right near the top at #2. The last year tells two different stories: BTBT led by 48.3 percentage points, -90.3% for ABTC against -42.0% for BTBT. Note the risk asymmetry: ABTC runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABTC vs BTBT: side by side
| ABTC (American Bitcoin Corp.) | BTBT (Bit Digital, Inc.) | |
|---|---|---|
| 1-year return | -90.3% | -42.0% |
| 5-year return | -100.0% | -87.6% |
| Volatility (ann.) | 163.6% | 85.4% |
| Beta vs S&P 500 | 4.24 | 2.24 |
| Max drawdown (3Y) | -99.3% | -78.1% |
| Market cap | $1.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTC | BTBT |
|---|---|---|
| 2022 | -98.0% | -90.1% |
| 2023 | -37.0% | +605.0% |
| 2024 | -95.4% | -30.7% |
| 2025 | -15.2% | -35.5% |
| 2026 | -65.6% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTC and BTBT good diversifiers for each other?
Reasonably. At 0.40, ABTC and BTBT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABTC and BTBT?
The ABTC/BTBT correlation stands at 0.40 on a 3-year window (1 year: 0.43, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is BTBT a good diversifier for ABTC?
Reasonably. At 0.40, ABTC and BTBT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abtc-vs-btbt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abtc-vs-btbt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABTC correlations · BTBT correlations
