AMGN vs BTCT: Correlation
Amgen (AMGN) and BTC Digital Ltd. (BTCT) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMGN and BTCT?
On 3 years of weekly data the AMGN/BTCT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.26 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -3942.1 %².
Among the 31 assets we track against AMGN, BTCT sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months AMGN outperformed by 76.2 percentage points (+56.0% for AMGN against -20.2% for BTCT). Note the risk asymmetry: BTCT runs 21.7 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 BTCT: side by side
| AMGN (Amgen) | BTCT (BTC Digital Ltd.) | |
|---|---|---|
| 1-year return | +56.0% | -20.2% |
| 5-year return | +127.8% | -99.5% |
| Volatility (ann.) | 26.3% | 571.6% |
| Beta vs S&P 500 | 0.34 | -2.21 |
| Max drawdown (3Y) | -22.7% | -97.8% |
| Market cap | $236.3B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.23% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | AMGN | BTCT |
|---|---|---|
| 2022 | +20.4% | -97.6% |
| 2023 | +13.5% | +33.9% |
| 2024 | -6.8% | -0.8% |
| 2025 | +29.7% | -72.8% |
| 2026 | +36.2% | +61.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMGN and BTCT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMGN and BTCT?
As of 2026-08-27, the correlation of weekly returns between AMGN and BTCT is -0.26 over 3 years, 0.09 over 1 year and -0.21 over 5 years.
Is BTCT a good diversifier for AMGN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: AMGN correlations · BTCT correlations
