BAH vs BTCT: Correlation
How closely do Booz Allen Hamilton Holding Corporation (BAH) and BTC Digital Ltd. (BTCT) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAH and BTCT?
Over the past 3 years, BAH and BTCT moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -5138.8 %².
BTCT is close to the least connected end of BAH's tracked universe, ranking #11 of 12. The trailing year gives BTCT the advantage: -30.4% versus -20.2%, a 10.2-point spread. Risk is not evenly split, since BTCT carries 16.2 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.
BAH vs BTCT: side by side
| BAH (Booz Allen Hamilton Holding Corporation) | BTCT (BTC Digital Ltd.) | |
|---|---|---|
| 1-year return | -30.4% | -20.2% |
| 5-year return | +1.1% | -99.5% |
| Volatility (ann.) | 35.2% | 571.6% |
| Beta vs S&P 500 | 0.58 | -2.21 |
| Max drawdown (3Y) | -66.6% | -97.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 3.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAH | BTCT |
|---|---|---|
| 2022 | +25.7% | -97.6% |
| 2023 | +24.5% | +33.9% |
| 2024 | +2.0% | -0.8% |
| 2025 | -33.0% | -72.8% |
| 2026 | -9.2% | +61.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAH and BTCT good diversifiers for each other?
Yes. With a correlation of -0.26, BAH and BTCT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAH and BTCT?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.03 over the last year and -0.20 over 5 years.
Is BTCT a good diversifier for BAH?
Yes. With a correlation of -0.26, BAH and BTCT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
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Related comparisons
Hubs: BAH correlations · BTCT correlations
