BTCS vs BTCT: Correlation
BTCS Inc. (BTCS) and BTC Digital Ltd. (BTCT) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and BTCT?
On 3 years of weekly data the BTCS/BTCT correlation comes out at 0.78, strong. The link has loosened recently: the 1-year correlation (0.52) runs below the 3-year figure (0.78). The 5-year figure is 0.69, and annualized covariance runs at 71945.3 %².
In BTCS's tracked universe of 20 assets, BTCT sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months BTCT outperformed by 42.1 percentage points (-62.3% for BTCS against -20.2% for BTCT). Risk is not evenly split, since BTCT carries 3.5 times the volatility of the other side.
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.
BTCS vs BTCT: side by side
| BTCS (BTCS Inc.) | BTCT (BTC Digital Ltd.) | |
|---|---|---|
| 1-year return | -62.3% | -20.2% |
| 5-year return | -79.2% | -99.5% |
| Volatility (ann.) | 161.4% | 571.6% |
| Beta vs S&P 500 | 0.34 | -2.21 |
| Max drawdown (3Y) | -84.9% | -97.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCS | BTCT |
|---|---|---|
| 2022 | -79.6% | -97.6% |
| 2023 | +158.7% | +33.9% |
| 2024 | +51.5% | -0.8% |
| 2025 | +8.1% | -72.8% |
| 2026 | -39.8% | +61.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and BTCT good diversifiers for each other?
Only partially. A correlation of 0.78 means BTCS and BTCT 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 BTCS and BTCT?
The BTCS/BTCT correlation stands at 0.78 on a 3-year window (1 year: 0.52, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is BTCT a good diversifier for BTCS?
Only partially. A correlation of 0.78 means BTCS and BTCT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
A reading of 0.78 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
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Related comparisons
Hubs: BTCS correlations · BTCT correlations
