ABTS vs WAFU: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Wah Fu Education Group Limited (WAFU) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and WAFU?
Over the past 3 years, ABTS and WAFU moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.35). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -10145.7 %².
WAFU is close to the least connected end of ABTS's tracked universe, ranking #46 of 48. Correlation aside, the last 12 months split them widely, with WAFU ahead by 61.5 points (-64.4% versus -2.9%). One caveat on sizing: ABTS is 16.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WAFU: side by side
| ABTS (Abits Group Inc) | WAFU (Wah Fu Education Group Limited) | |
|---|---|---|
| 1-year return | -64.4% | -2.9% |
| 5-year return | -81.7% | -79.7% |
| Volatility (ann.) | 689.2% | 42.3% |
| Beta vs S&P 500 | -4.02 | 0.61 |
| Max drawdown (3Y) | -92.1% | -55.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABTS | WAFU |
|---|---|---|
| 2022 | -84.2% | -43.4% |
| 2023 | +152.8% | -4.2% |
| 2024 | -39.6% | -22.4% |
| 2025 | +647.5% | -7.1% |
| 2026 | -73.8% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and WAFU good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and WAFU?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.00 over the last year and -0.20 over 5 years.
Is WAFU a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 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/abts-vs-wafu.json
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Related comparisons
Hubs: ABTS correlations · WAFU correlations
