BTBT vs RIOT: Correlation
Measured on weekly returns over the past three years, Bit Digital, Inc. (BTBT) and Riot Platforms, Inc. (RIOT) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBT and RIOT?
Over the past 3 years, BTBT and RIOT moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 4712.2 %².
In BTBT's tracked universe of 24 assets, RIOT sits right near the top at #3. The last year tells two different stories: RIOT led by 96.1 percentage points, -42.0% for BTBT against +54.1% for RIOT.
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 RIOT: side by side
| BTBT (Bit Digital, Inc.) | RIOT (Riot Platforms, Inc.) | |
|---|---|---|
| 1-year return | -42.0% | +54.1% |
| 5-year return | -87.6% | -44.6% |
| Volatility (ann.) | 85.4% | 82.3% |
| Beta vs S&P 500 | 2.24 | 2.40 |
| Max drawdown (3Y) | -78.1% | -66.2% |
| Market cap | $0.6B | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBT | RIOT |
|---|---|---|
| 2022 | -90.1% | -84.8% |
| 2023 | +605.0% | +356.3% |
| 2024 | -30.7% | -34.0% |
| 2025 | -35.5% | +24.1% |
| 2026 | -15.9% | +64.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBT and RIOT good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BTBT and RIOT?
As of 2026-08-27, the correlation of weekly returns between BTBT and RIOT is 0.67 over 3 years, 0.67 over 1 year and 0.68 over 5 years.
Is RIOT a good diversifier for BTBT?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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-riot.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btbt-vs-riot/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTBT correlations · RIOT correlations
