BKKT vs PRFX: Correlation
Bakkt, Inc. (BKKT) and PRF Technologies Ltd. (PRFX) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and PRFX?
Over the past 3 years, BKKT and PRFX moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 26620.4 %².
In BKKT's tracked universe of 11 assets, PRFX sits right near the top at #2. Correlation aside, the last 12 months split them widely, with BKKT ahead by 85.5 points (-2.2% versus -87.7%). Risk is not evenly split, since PRFX carries 1.7 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.
BKKT vs PRFX: side by side
| BKKT (Bakkt, Inc.) | PRFX (PRF Technologies Ltd.) | |
|---|---|---|
| 1-year return | -2.2% | -87.7% |
| 5-year return | -96.6% | -99.9% |
| Volatility (ann.) | 172.9% | 291.2% |
| Beta vs S&P 500 | 3.19 | 2.46 |
| Max drawdown (3Y) | -89.4% | -99.3% |
| 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 | PRFX |
|---|---|---|
| 2022 | -86.0% | -68.9% |
| 2023 | +87.4% | -33.4% |
| 2024 | -55.6% | -79.7% |
| 2025 | -59.5% | -80.9% |
| 2026 | -16.1% | -69.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and PRFX good diversifiers for each other?
Only partially. A correlation of 0.53 means BKKT and PRFX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BKKT and PRFX?
The BKKT/PRFX correlation stands at 0.53 on a 3-year window (1 year: 0.21, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is PRFX a good diversifier for BKKT?
Only partially. A correlation of 0.53 means BKKT and PRFX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/bkkt-vs-prfx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkkt-vs-prfx/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: BKKT correlations · PRFX correlations
