BTCS vs LBTYB: Correlation
How closely do BTCS Inc. (BTCS) and Liberty Global Ltd. - Class B (LBTYB) trade together? Their weekly returns over three years give a correlation of -0.31, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and LBTYB?
On 3 years of weekly data the BTCS/LBTYB correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.31 over 3 years. The 5-year figure is -0.20, and annualized covariance runs at -2891.0 %².
Among the 20 assets we track against BTCS, LBTYB sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months LBTYB outperformed by 72.8 percentage points (-62.3% for BTCS against +10.5% for LBTYB). Risk is not evenly split, since BTCS carries 2.8 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 LBTYB: side by side
| BTCS (BTCS Inc.) | LBTYB (Liberty Global Ltd. - Class B) | |
|---|---|---|
| 1-year return | -62.3% | +10.5% |
| 5-year return | -79.2% | -55.0% |
| Volatility (ann.) | 161.4% | 57.5% |
| Beta vs S&P 500 | 0.34 | 0.32 |
| Max drawdown (3Y) | -84.9% | -58.2% |
| Market cap | $0.1B | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCS | LBTYB |
|---|---|---|
| 2022 | -79.6% | -32.5% |
| 2023 | +158.7% | -6.3% |
| 2024 | +51.5% | -27.3% |
| 2025 | +8.1% | -8.7% |
| 2026 | -39.8% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and LBTYB good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCS and LBTYB?
As of 2026-08-27, the correlation of weekly returns between BTCS and LBTYB is -0.31 over 3 years, -0.15 over 1 year and -0.20 over 5 years.
Is LBTYB a good diversifier for BTCS?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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.
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Related comparisons
Hubs: BTCS correlations · LBTYB correlations
