BTBT vs VIP: Correlation
Bit Digital, Inc. (BTBT) and Vulcan Infrastructure and Power Inc. (VIP) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBT and VIP?
On 3 years of weekly data the BTBT/VIP correlation comes out at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.54 over 3 years. The 5-year figure is 0.54, and annualized covariance runs at 5084.3 %².
By 3-year correlation, VIP places #11 of the 24 assets tracked against BTBT. Their recent paths diverged sharply: over the last 12 months VIP outperformed by 78.6 percentage points (-42.0% for BTBT against +36.6% for VIP).
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 VIP: side by side
| BTBT (Bit Digital, Inc.) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | -42.0% | +36.6% |
| 5-year return | -87.6% | -99.9% |
| Volatility (ann.) | 85.4% | 110.7% |
| Beta vs S&P 500 | 2.24 | 1.74 |
| Max drawdown (3Y) | -78.1% | -92.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBT | VIP |
|---|---|---|
| 2022 | -90.1% | -98.2% |
| 2023 | +605.0% | +131.4% |
| 2024 | -30.7% | -76.9% |
| 2025 | -35.5% | -4.5% |
| 2026 | -15.9% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBT and VIP good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BTBT and VIP?
The BTBT/VIP correlation stands at 0.54 on a 3-year window (1 year: 0.38, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is VIP a good diversifier for BTBT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-vip.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btbt-vs-vip/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTBT correlations · VIP correlations
