BGDE vs CIFR: Correlation
Measured on weekly returns over the past three years, Big Digital Energy, Inc. (BGDE) and Cipher Digital Inc. (CIFR) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGDE and CIFR?
On 3 years of weekly data the BGDE/CIFR correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 10854.7 %².
In BGDE's tracked universe of 11 assets, CIFR sits right near the top at #3. The last year tells two different stories: CIFR led by 153.2 percentage points, -13.3% for BGDE against +139.9% for CIFR. One caveat on sizing: BGDE is 1.6 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 CIFR: side by side
| BGDE (Big Digital Energy, Inc.) | CIFR (Cipher Digital Inc.) | |
|---|---|---|
| 1-year return | -13.3% | +139.9% |
| 5-year return | -99.6% | +63.3% |
| Volatility (ann.) | 181.6% | 114.3% |
| Beta vs S&P 500 | 4.23 | 2.86 |
| Max drawdown (3Y) | -98.0% | -71.7% |
| Market cap | – | $7.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGDE | CIFR |
|---|---|---|
| 2022 | -96.5% | -87.9% |
| 2023 | +131.9% | +637.5% |
| 2024 | -74.1% | +12.3% |
| 2025 | -74.6% | +218.1% |
| 2026 | +72.9% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGDE and CIFR good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BGDE and CIFR?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.51 over the last year and 0.45 over 5 years.
Is CIFR a good diversifier for BGDE?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgde-vs-cifr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgde-vs-cifr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGDE correlations · CIFR correlations
