ABTS vs CHH: Correlation
Abits Group Inc (ABTS) and Choice Hotels International, Inc. (CHH) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and CHH?
On 3 years of weekly data the ABTS/CHH correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.24 over 3. The 5-year figure is -0.17, and annualized covariance runs at -4479.7 %².
Within ABTS's tracked universe of 48 assets, CHH comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CHH ahead by 55.4 points (-64.4% versus -9.0%). Risk is not evenly split, since ABTS carries 25.7 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.
ABTS vs CHH: side by side
| ABTS (Abits Group Inc) | CHH (Choice Hotels International, Inc.) | |
|---|---|---|
| 1-year return | -64.4% | -9.0% |
| 5-year return | -81.7% | -5.3% |
| Volatility (ann.) | 689.2% | 26.8% |
| Beta vs S&P 500 | -4.02 | 0.59 |
| Max drawdown (3Y) | -92.1% | -45.5% |
| Market cap | – | $4.9B |
| P/E (trailing) | – | 15.6 |
| Dividend yield | 0.00% | 1.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | CHH |
|---|---|---|
| 2022 | -84.2% | -27.1% |
| 2023 | +152.8% | +1.6% |
| 2024 | -39.6% | +26.2% |
| 2025 | +647.5% | -32.3% |
| 2026 | -73.8% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and CHH good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABTS and CHH?
The ABTS/CHH correlation stands at -0.24 on a 3-year window (1 year: -0.15, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is CHH a good diversifier for ABTS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/abts-vs-chh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abts-vs-chh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABTS correlations · CHH correlations
