BGDE vs BTBT: Correlation
How closely do Big Digital Energy, Inc. (BGDE) and Bit Digital, Inc. (BTBT) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGDE and BTBT?
Across a 3-year window, the weekly returns of BGDE and BTBT correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 7938.1 %².
Among the 11 assets we track against BGDE, BTBT ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BGDE ahead by 28.7 points (-13.3% versus -42.0%). One caveat on sizing: BGDE is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BGDE vs BTBT: side by side
| BGDE (Big Digital Energy, Inc.) | BTBT (Bit Digital, Inc.) | |
|---|---|---|
| 1-year return | -13.3% | -42.0% |
| 5-year return | -99.6% | -87.6% |
| Volatility (ann.) | 181.6% | 85.4% |
| Beta vs S&P 500 | 4.23 | 2.24 |
| Max drawdown (3Y) | -98.0% | -78.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGDE | BTBT |
|---|---|---|
| 2022 | -96.5% | -90.1% |
| 2023 | +131.9% | +605.0% |
| 2024 | -74.1% | -30.7% |
| 2025 | -74.6% | -35.5% |
| 2026 | +72.9% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGDE and BTBT good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BGDE and BTBT?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.46 over the last year and 0.41 over 5 years.
Is BTBT a good diversifier for BGDE?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 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
$ curl https://www.pairbook.io/api/v1/pairs/bgde-vs-btbt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgde-vs-btbt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGDE correlations · BTBT correlations
