BTCS vs IAUX: Correlation
Measured on weekly returns over the past three years, BTCS Inc. (BTCS) and i-80 Gold Corp. (IAUX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and IAUX?
Over the past 3 years, BTCS and IAUX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.17 versus -0.32 over 3 years. Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -4757.0 %².
Out of 20 assets tracked against BTCS, IAUX lands near the bottom at #19. Their recent paths diverged sharply: over the last 12 months IAUX outperformed by 214.6 percentage points (-62.3% for BTCS against +152.3% for IAUX). Note the risk asymmetry: BTCS runs 1.8 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 IAUX: side by side
| BTCS (BTCS Inc.) | IAUX (i-80 Gold Corp.) | |
|---|---|---|
| 1-year return | -62.3% | +152.3% |
| 5-year return | -79.2% | -7.4% |
| Volatility (ann.) | 161.4% | 91.2% |
| Beta vs S&P 500 | 0.34 | 1.99 |
| Max drawdown (3Y) | -84.9% | -82.6% |
| Market cap | $0.1B | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCS | IAUX |
|---|---|---|
| 2022 | -79.6% | +15.0% |
| 2023 | +158.7% | -37.6% |
| 2024 | +51.5% | -72.4% |
| 2025 | +8.1% | +201.0% |
| 2026 | -39.8% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and IAUX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCS and IAUX?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with 0.17 over the last year and -0.27 over 5 years.
Is IAUX a good diversifier for BTCS?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 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 · IAUX correlations
