ABTS vs EXPD: Correlation
Abits Group Inc (ABTS) and Expeditors International (EXPD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and EXPD?
Over the past 3 years, ABTS and EXPD moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.10) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -3663.1 %².
Within ABTS's tracked universe of 48 assets, EXPD comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXPD ahead by 121.9 points (-64.4% versus +57.5%). Note the risk asymmetry: ABTS runs 28.5 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.
ABTS vs EXPD: side by side
| ABTS (Abits Group Inc) | EXPD (Expeditors International) | |
|---|---|---|
| 1-year return | -64.4% | +57.5% |
| 5-year return | -81.7% | +60.9% |
| Volatility (ann.) | 689.2% | 24.2% |
| Beta vs S&P 500 | -4.02 | 0.65 |
| Max drawdown (3Y) | -92.1% | -21.3% |
| Market cap | – | $24.8B |
| P/E (trailing) | – | 27.7 |
| Dividend yield | 0.00% | 0.83% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ABTS | EXPD |
|---|---|---|
| 2022 | -84.2% | -21.7% |
| 2023 | +152.8% | +23.9% |
| 2024 | -39.6% | -11.9% |
| 2025 | +647.5% | +36.2% |
| 2026 | -73.8% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and EXPD good diversifiers for each other?
Yes. With a correlation of -0.22, ABTS and EXPD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABTS and EXPD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.10 over the last year and -0.14 over 5 years.
Is EXPD a good diversifier for ABTS?
Yes. With a correlation of -0.22, ABTS and EXPD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abts-vs-expd.json
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Related comparisons
Hubs: ABTS correlations · EXPD correlations
