BTCS vs CD: Correlation
BTCS Inc. (BTCS) and Chaince Digital Holdings Inc. - American (CD) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and CD?
Over the past 3 years, BTCS and CD moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 16109.0 %².
Among the 20 assets we track against BTCS, CD ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CD outperformed by 22.5 percentage points (-62.3% for BTCS against -39.8% for CD).
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 CD: side by side
| BTCS (BTCS Inc.) | CD (Chaince Digital Holdings Inc. - American) | |
|---|---|---|
| 1-year return | -62.3% | -39.8% |
| 5-year return | -79.2% | +1.2% |
| Volatility (ann.) | 161.4% | 189.9% |
| Beta vs S&P 500 | 0.34 | 1.02 |
| Max drawdown (3Y) | -84.9% | -92.6% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCS | CD |
|---|---|---|
| 2022 | -79.6% | -64.8% |
| 2023 | +158.7% | +109.5% |
| 2024 | +51.5% | +162.7% |
| 2025 | +8.1% | -27.2% |
| 2026 | -39.8% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and CD good diversifiers for each other?
To a limited degree. At 0.53 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 BTCS and CD?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.22 over the last year and 0.39 over 5 years.
Is CD a good diversifier for BTCS?
To a limited degree. At 0.53 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 0.53 mean?
On the −1 to +1 scale, 0.53 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/btcs-vs-cd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btcs-vs-cd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTCS correlations · CD correlations
