BTBD vs STTK: Correlation
Measured on weekly returns over the past three years, BT Brands, Inc. (BTBD) and Shattuck Labs, Inc. (STTK) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBD and STTK?
Over the past 3 years, BTBD and STTK moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.33). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 3933.6 %².
In BTBD's tracked universe of 12 assets, STTK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months STTK outperformed by 687.5 percentage points (-22.5% for BTBD against +665.0% for STTK). Note the risk asymmetry: STTK runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BTBD vs STTK: side by side
| BTBD (BT Brands, Inc.) | STTK (Shattuck Labs, Inc.) | |
|---|---|---|
| 1-year return | -22.5% | +665.0% |
| 5-year return | -67.8% | -63.7% |
| Volatility (ann.) | 82.0% | 145.0% |
| Beta vs S&P 500 | 0.39 | 2.32 |
| Max drawdown (3Y) | -65.7% | -93.5% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBD | STTK |
|---|---|---|
| 2022 | -38.1% | -73.0% |
| 2023 | +36.8% | +210.0% |
| 2024 | -42.4% | -83.0% |
| 2025 | -3.5% | +201.7% |
| 2026 | +2.1% | +109.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBD and STTK good diversifiers for each other?
Reasonably. At 0.33, BTBD and STTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTBD and STTK?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.18 over the last year and 0.24 over 5 years.
Is STTK a good diversifier for BTBD?
Reasonably. At 0.33, BTBD and STTK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BTBD correlations · STTK correlations
