ABTC vs XLK: Correlation
How closely do American Bitcoin Corp. (ABTC) and Technology Select Sector SPDR Fund (XLK) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTC and XLK?
On 3 years of weekly data the ABTC/XLK correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 1561.6 %².
XLK is one of the assets that tracks ABTC most closely: it ranks #3 out of the 13 assets we track against ABTC. Correlation aside, the last 12 months split them widely, with XLK ahead by 133.7 points (-90.3% versus +43.4%). Note the risk asymmetry: ABTC runs 6.8 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 XLK: side by side
| ABTC (American Bitcoin Corp.) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -90.3% | +43.4% |
| 5-year return | -100.0% | +145.2% |
| Volatility (ann.) | 163.6% | 24.0% |
| Beta vs S&P 500 | 4.24 | 1.50 |
| Max drawdown (3Y) | -99.3% | -25.7% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.45% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $115.4B |
| Sector / category | US Listed | Sector ETF |
On the fund side, XLK sits in the Technology category at State Street Investment Management, with $115.4B under management, 73 holdings, a 0.08% expense ratio, a 0.45% trailing dividend yield.
Year-by-year returns
| Year | ABTC | XLK |
|---|---|---|
| 2022 | -98.0% | -27.7% |
| 2023 | -37.0% | +56.0% |
| 2024 | -95.4% | +21.6% |
| 2025 | -15.2% | +24.6% |
| 2026 | -65.6% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTC and XLK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABTC and XLK?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.42 over the last year and 0.34 over 5 years.
Is XLK a good diversifier for ABTC?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined 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-xlk.json
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[](https://www.pairbook.io/pair/abtc-vs-xlk/)
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Related comparisons
Hubs: ABTC correlations · XLK correlations
