AREN vs BTCT: Correlation
The Arena Group Holdings, Inc. (AREN) and BTC Digital Ltd. (BTCT) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREN and BTCT?
On 3 years of weekly data the AREN/BTCT correlation comes out at 0.65, strong. The past 12 months show a weaker link (-0.12) than the 3-year average (0.65). The 5-year figure is 0.57, and annualized covariance runs at 58124.2 %².
Few assets follow AREN as closely as BTCT, which ranks #1 of 22 tracked partners. Correlation aside, the last 12 months split them widely, with BTCT ahead by 64.6 points (-84.8% versus -20.2%). Risk is not evenly split, since BTCT carries 3.6 times the volatility of the other side.
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.
AREN vs BTCT: side by side
| AREN (The Arena Group Holdings, Inc.) | BTCT (BTC Digital Ltd.) | |
|---|---|---|
| 1-year return | -84.8% | -20.2% |
| 5-year return | -93.0% | -99.5% |
| Volatility (ann.) | 157.6% | 571.6% |
| Beta vs S&P 500 | 0.49 | -2.21 |
| Max drawdown (3Y) | -91.7% | -97.8% |
| Market cap | – | – |
| P/E (trailing) | 4.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AREN | BTCT |
|---|---|---|
| 2022 | -24.6% | -97.6% |
| 2023 | -77.6% | +33.9% |
| 2024 | -43.7% | -0.8% |
| 2025 | +198.5% | -72.8% |
| 2026 | -76.5% | +61.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREN and BTCT good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AREN and BTCT?
As of 2026-08-27, the correlation of weekly returns between AREN and BTCT is 0.65 over 3 years, -0.12 over 1 year and 0.57 over 5 years.
Is BTCT a good diversifier for AREN?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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/aren-vs-btct.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aren-vs-btct/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AREN correlations · BTCT correlations
