AMGN vs BTCS: Correlation
Amgen (AMGN) and BTCS Inc. (BTCS) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMGN and BTCS?
Across a 3-year window, the weekly returns of AMGN and BTCS correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.11 versus -0.27 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -1161.1 %².
Among the 31 assets we track against AMGN, BTCS sits near the bottom by co-movement, at rank #31. Their recent paths diverged sharply: over the last 12 months AMGN outperformed by 118.3 percentage points (+56.0% for AMGN against -62.3% for BTCS). Note the risk asymmetry: BTCS runs 6.1 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.
AMGN vs BTCS: side by side
| AMGN (Amgen) | BTCS (BTCS Inc.) | |
|---|---|---|
| 1-year return | +56.0% | -62.3% |
| 5-year return | +127.8% | -79.2% |
| Volatility (ann.) | 26.3% | 161.4% |
| Beta vs S&P 500 | 0.34 | 0.34 |
| Max drawdown (3Y) | -22.7% | -84.9% |
| Market cap | $236.3B | $0.1B |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | AMGN | BTCS |
|---|---|---|
| 2022 | +20.4% | -79.6% |
| 2023 | +13.5% | +158.7% |
| 2024 | -6.8% | +51.5% |
| 2025 | +29.7% | +8.1% |
| 2026 | +36.2% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMGN and BTCS good diversifiers for each other?
Yes. With a correlation of -0.27, AMGN and BTCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMGN and BTCS?
The AMGN/BTCS correlation stands at -0.27 on a 3-year window (1 year: -0.11, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is BTCS a good diversifier for AMGN?
Yes. With a correlation of -0.27, AMGN and BTCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AMGN correlations · BTCS correlations
