BTBT vs BTDR: Correlation
Bit Digital, Inc. (BTBT) and Bitdeer Technologies Group (BTDR) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBT and BTDR?
On 3 years of weekly data the BTBT/BTDR correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 4946.6 %².
Among the 24 assets we track against BTBT, BTDR ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BTDR ahead by 25.6 points (-42.0% versus -16.4%).
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.
BTBT vs BTDR: side by side
| BTBT (Bit Digital, Inc.) | BTDR (Bitdeer Technologies Group) | |
|---|---|---|
| 1-year return | -42.0% | -16.4% |
| 5-year return | -87.6% | +14.6% |
| Volatility (ann.) | 85.4% | 110.8% |
| Beta vs S&P 500 | 2.24 | 2.58 |
| Max drawdown (3Y) | -78.1% | -79.1% |
| Market cap | $0.6B | $3.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBT | BTDR |
|---|---|---|
| 2022 | -90.1% | +4.6% |
| 2023 | +605.0% | -5.4% |
| 2024 | -30.7% | +119.8% |
| 2025 | -35.5% | -48.3% |
| 2026 | -15.9% | +1.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBT and BTDR 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 BTBT and BTDR?
The BTBT/BTDR correlation stands at 0.52 on a 3-year window (1 year: 0.53, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is BTDR a good diversifier for BTBT?
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/btbt-vs-btdr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btbt-vs-btdr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTBT correlations · BTDR correlations
