BTCT vs CTXR: Correlation
BTC Digital Ltd. (BTCT) and Citius Pharmaceuticals, Inc. (CTXR) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and CTXR?
Over the past 3 years, BTCT and CTXR moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.27 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -15500.4 %².
Within BTCT's tracked universe of 52 assets, CTXR comes in at #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BTCT ahead by 33.9 points (-20.2% versus -54.1%). Note the risk asymmetry: BTCT runs 5.6 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.
BTCT vs CTXR: side by side
| BTCT (BTC Digital Ltd.) | CTXR (Citius Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | -54.1% |
| 5-year return | -99.5% | -98.9% |
| Volatility (ann.) | 571.6% | 101.2% |
| Beta vs S&P 500 | -2.21 | 2.04 |
| Max drawdown (3Y) | -97.8% | -98.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | CTXR |
|---|---|---|
| 2022 | -97.6% | -48.7% |
| 2023 | +33.9% | -4.2% |
| 2024 | -0.8% | -78.9% |
| 2025 | -72.8% | -80.6% |
| 2026 | +61.5% | -19.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and CTXR good diversifiers for each other?
Yes. With a correlation of -0.27, BTCT and CTXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and CTXR?
As of 2026-08-27, the correlation of weekly returns between BTCT and CTXR is -0.27 over 3 years, -0.03 over 1 year and -0.22 over 5 years.
Is CTXR a good diversifier for BTCT?
Yes. With a correlation of -0.27, BTCT and CTXR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-ctxr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btct-vs-ctxr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · CTXR correlations
