BGDE vs MARA: Correlation
Measured on weekly returns over the past three years, Big Digital Energy, Inc. (BGDE) and MARA Holdings, Inc. (MARA) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGDE and MARA?
Over the past 3 years, BGDE and MARA moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 7605.5 %².
By 3-year correlation, MARA places #5 of the 11 assets tracked against BGDE. On 12-month performance BGDE holds a 11.8-point edge, -13.3% against -25.1%. Risk is not evenly split, since BGDE carries 2.2 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.
BGDE vs MARA: side by side
| BGDE (Big Digital Energy, Inc.) | MARA (MARA Holdings, Inc.) | |
|---|---|---|
| 1-year return | -13.3% | -25.1% |
| 5-year return | -99.6% | -70.7% |
| Volatility (ann.) | 181.6% | 83.9% |
| Beta vs S&P 500 | 4.23 | 2.07 |
| Max drawdown (3Y) | -98.0% | -78.3% |
| Market cap | – | $4.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGDE | MARA |
|---|---|---|
| 2022 | -96.5% | -89.6% |
| 2023 | +131.9% | +586.8% |
| 2024 | -74.1% | -28.6% |
| 2025 | -74.6% | -46.5% |
| 2026 | +72.9% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGDE and MARA good diversifiers for each other?
To a limited degree. At 0.50 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 MARA?
As of 2026-08-27, the correlation of weekly returns between BGDE and MARA is 0.50 over 3 years, 0.45 over 1 year and 0.37 over 5 years.
Is MARA a good diversifier for BGDE?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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-mara.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bgde-vs-mara/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGDE correlations · MARA correlations
