ALGS vs BTCT: Correlation
Measured on weekly returns over the past three years, Aligos Therapeutics, Inc. (ALGS) and BTC Digital Ltd. (BTCT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGS and BTCT?
Across a 3-year window, the weekly returns of ALGS and BTCT correlate at 0.44, moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.44). Stretching to 5 years gives 0.39, with an annualized covariance of 28844.9 %².
BTCT is one of the assets that tracks ALGS most closely: it ranks #2 out of the 11 assets we track against ALGS. The last year tells two different stories: BTCT led by 17.4 percentage points, -37.6% for ALGS against -20.2% for BTCT. Note the risk asymmetry: BTCT runs 5.0 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.
ALGS vs BTCT: side by side
| ALGS (Aligos Therapeutics, Inc.) | BTCT (BTC Digital Ltd.) | |
|---|---|---|
| 1-year return | -37.6% | -20.2% |
| 5-year return | -98.3% | -99.5% |
| Volatility (ann.) | 114.1% | 571.6% |
| Beta vs S&P 500 | 1.68 | -2.21 |
| Max drawdown (3Y) | -91.3% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALGS | BTCT |
|---|---|---|
| 2022 | -92.0% | -97.6% |
| 2023 | -30.3% | +33.9% |
| 2024 | +140.0% | -0.8% |
| 2025 | -76.6% | -72.8% |
| 2026 | -24.1% | +61.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGS and BTCT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALGS and BTCT?
As of 2026-08-27, the correlation of weekly returns between ALGS and BTCT is 0.44 over 3 years, 0.02 over 1 year and 0.39 over 5 years.
Is BTCT a good diversifier for ALGS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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
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Related comparisons
Hubs: ALGS correlations · BTCT correlations
