BTCS vs MVST: Correlation
Measured on weekly returns over the past three years, BTCS Inc. (BTCS) and Microvast Holdings, Inc. (MVST) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCS and MVST?
Across a 3-year window, the weekly returns of BTCS and MVST correlate at 0.67, strong. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.67). Stretching to 5 years gives 0.57, with an annualized covariance of 22530.6 %².
MVST is one of the assets that tracks BTCS most closely: it ranks #2 out of the 20 assets we track against BTCS. Over the last 12 months BTCS came out ahead by 8.9 percentage points (-62.3% against -71.2%).
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 MVST: side by side
| BTCS (BTCS Inc.) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | -62.3% | -71.2% |
| 5-year return | -79.2% | -91.6% |
| Volatility (ann.) | 161.4% | 209.2% |
| Beta vs S&P 500 | 0.34 | 0.26 |
| Max drawdown (3Y) | -84.9% | -92.8% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCS | MVST |
|---|---|---|
| 2022 | -79.6% | -73.0% |
| 2023 | +158.7% | -8.5% |
| 2024 | +51.5% | +47.9% |
| 2025 | +8.1% | +35.3% |
| 2026 | -39.8% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCS and MVST good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BTCS and MVST?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.44 over the last year and 0.57 over 5 years.
Is MVST a good diversifier for BTCS?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: BTCS correlations · MVST correlations
