BTBT vs DGXX: Correlation
How closely do Bit Digital, Inc. (BTBT) and Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBT and DGXX?
Over the past 3 years, BTBT and DGXX moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 5339.5 %².
Within BTBT's tracked universe of 24 assets, DGXX comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DGXX ahead by 121.1 points (-42.0% versus +79.1%).
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 DGXX: side by side
| BTBT (Bit Digital, Inc.) | DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -42.0% | +79.1% |
| 5-year return | -87.6% | -21.0% |
| Volatility (ann.) | 85.4% | 116.4% |
| Beta vs S&P 500 | 2.24 | 2.42 |
| Max drawdown (3Y) | -78.1% | -75.9% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBT | DGXX |
|---|---|---|
| 2022 | -90.1% | -92.2% |
| 2023 | +605.0% | +536.1% |
| 2024 | -30.7% | -34.5% |
| 2025 | -35.5% | +70.0% |
| 2026 | -15.9% | +58.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBT and DGXX good diversifiers for each other?
Only partially. A correlation of 0.54 means BTBT and DGXX 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 BTBT and DGXX?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.60 over the last year and 0.53 over 5 years.
Is DGXX a good diversifier for BTBT?
Only partially. A correlation of 0.54 means BTBT and DGXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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/btbt-vs-dgxx.json
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Related comparisons
Hubs: BTBT correlations · DGXX correlations
