ABTC vs TAOP: Correlation
Measured on weekly returns over the past three years, American Bitcoin Corp. (ABTC) and Taoping Inc. (TAOP) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTC and TAOP?
On 3 years of weekly data the ABTC/TAOP correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.35 over 3. The 5-year figure is 0.31, and annualized covariance runs at 5548.9 %².
Within ABTC's tracked universe of 13 assets, TAOP comes in at #8 by 3-year correlation. The last year tells two different stories: TAOP led by 25.5 percentage points, -90.3% for ABTC against -64.8% for TAOP. Risk is not evenly split, since ABTC carries 1.7 times the volatility of the other side.
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 TAOP: side by side
| ABTC (American Bitcoin Corp.) | TAOP (Taoping Inc.) | |
|---|---|---|
| 1-year return | -90.3% | -64.8% |
| 5-year return | -100.0% | -99.9% |
| Volatility (ann.) | 163.6% | 96.5% |
| Beta vs S&P 500 | 4.24 | 1.51 |
| Max drawdown (3Y) | -99.3% | -99.4% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTC | TAOP |
|---|---|---|
| 2022 | -98.0% | -65.6% |
| 2023 | -37.0% | -77.7% |
| 2024 | -95.4% | -71.0% |
| 2025 | -15.2% | -88.9% |
| 2026 | -65.6% | -20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTC and TAOP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABTC and TAOP?
The ABTC/TAOP correlation stands at 0.35 on a 3-year window (1 year: 0.26, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is TAOP a good diversifier for ABTC?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abtc-vs-taop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abtc-vs-taop/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABTC correlations · TAOP correlations
