BKKT vs CHR: Correlation
How closely do Bakkt, Inc. (BKKT) and Cheer Holding, Inc. - Class A (CHR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and CHR?
Over the past 3 years, BKKT and CHR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.21). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -3199.9 %².
Out of 11 assets tracked against BKKT, CHR lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months BKKT outperformed by 96.7 percentage points (-2.2% for BKKT against -98.9% for CHR). One caveat on sizing: BKKT is 1.9 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.
BKKT vs CHR: side by side
| BKKT (Bakkt, Inc.) | CHR (Cheer Holding, Inc. - Class A) | |
|---|---|---|
| 1-year return | -2.2% | -98.9% |
| 5-year return | -96.6% | -100.0% |
| Volatility (ann.) | 172.9% | 89.2% |
| Beta vs S&P 500 | 3.19 | 0.17 |
| Max drawdown (3Y) | -89.4% | -99.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKKT | CHR |
|---|---|---|
| 2022 | -86.0% | +23.7% |
| 2023 | +87.4% | -78.5% |
| 2024 | -55.6% | -20.7% |
| 2025 | -59.5% | -99.0% |
| 2026 | -16.1% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and CHR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BKKT and CHR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.36 over the last year and -0.06 over 5 years.
Is CHR a good diversifier for BKKT?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/bkkt-vs-chr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkkt-vs-chr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BKKT correlations · CHR correlations
