BTCT vs DOLE: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and Dole plc (DOLE) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and DOLE?
Across a 3-year window, the weekly returns of BTCT and DOLE correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.24 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -3363.4 %².
Within BTCT's tracked universe of 52 assets, DOLE comes in at #28 by 3-year correlation. The trailing year gives DOLE the advantage: -20.2% versus -5.5%, a 14.7-point spread. Note the risk asymmetry: BTCT runs 23.6 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 DOLE: side by side
| BTCT (BTC Digital Ltd.) | DOLE (Dole plc) | |
|---|---|---|
| 1-year return | -20.2% | -5.5% |
| 5-year return | -99.5% | -3.9% |
| Volatility (ann.) | 571.6% | 24.2% |
| Beta vs S&P 500 | -2.21 | 0.28 |
| Max drawdown (3Y) | -97.8% | -27.7% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | DOLE |
|---|---|---|
| 2022 | -97.6% | -25.3% |
| 2023 | +33.9% | +30.8% |
| 2024 | -0.8% | +12.8% |
| 2025 | -72.8% | +12.0% |
| 2026 | +61.5% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and DOLE good diversifiers for each other?
Yes. With a correlation of -0.24, BTCT and DOLE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and DOLE?
The BTCT/DOLE correlation stands at -0.24 on a 3-year window (1 year: 0.02, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is DOLE a good diversifier for BTCT?
Yes. With a correlation of -0.24, BTCT and DOLE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-dole.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btct-vs-dole/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTCT correlations · DOLE correlations
