BTCS vs MPWR: Correlation
Measured on weekly returns over the past three years, BTCS Inc. (BTCS) and Monolithic Power Systems (MPWR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and MPWR?
Over the past 3 years, BTCS and MPWR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.23). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -1773.5 %².
Among the 20 assets we track against BTCS, MPWR sits near the bottom by co-movement, at rank #16. The last year tells two different stories: MPWR led by 114.7 percentage points, -62.3% for BTCS against +52.4% for MPWR. Risk is not evenly split, since BTCS carries 3.4 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 MPWR: side by side
| BTCS (BTCS Inc.) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | -62.3% | +52.4% |
| 5-year return | -79.2% | +170.3% |
| Volatility (ann.) | 161.4% | 48.1% |
| Beta vs S&P 500 | 0.34 | 2.22 |
| Max drawdown (3Y) | -84.9% | -51.6% |
| Market cap | $0.1B | $64.4B |
| P/E (trailing) | – | 79.4 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BTCS | MPWR |
|---|---|---|
| 2022 | -79.6% | -27.8% |
| 2023 | +158.7% | +79.8% |
| 2024 | +51.5% | -5.6% |
| 2025 | +8.1% | +54.5% |
| 2026 | -39.8% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and MPWR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCS and MPWR?
The BTCS/MPWR correlation stands at -0.23 on a 3-year window (1 year: 0.04, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is MPWR a good diversifier for BTCS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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 · MPWR correlations
