BTCS vs GILD: Correlation
Measured on weekly returns over the past three years, BTCS Inc. (BTCS) and Gilead Sciences (GILD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and GILD?
Across a 3-year window, the weekly returns of BTCS and GILD correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.12, with an annualized covariance of -842.0 %².
Among the 20 assets we track against BTCS, GILD ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GILD ahead by 96.4 points (-62.3% versus +34.1%). Note the risk asymmetry: BTCS runs 6.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 GILD: side by side
| BTCS (BTCS Inc.) | GILD (Gilead Sciences) | |
|---|---|---|
| 1-year return | -62.3% | +34.1% |
| 5-year return | -79.2% | +148.1% |
| Volatility (ann.) | 161.4% | 24.1% |
| Beta vs S&P 500 | 0.34 | 0.33 |
| Max drawdown (3Y) | -84.9% | -26.6% |
| Market cap | $0.1B | $184.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.17% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BTCS | GILD |
|---|---|---|
| 2022 | -79.6% | +23.6% |
| 2023 | +158.7% | -2.0% |
| 2024 | +51.5% | +18.7% |
| 2025 | +8.1% | +36.6% |
| 2026 | -39.8% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and GILD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCS and GILD?
As of 2026-08-27, the correlation of weekly returns between BTCS and GILD is -0.22 over 3 years, -0.03 over 1 year and -0.12 over 5 years.
Is GILD a good diversifier for BTCS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BTCS correlations · GILD correlations
