BTCT vs FGNX: Correlation
BTC Digital Ltd. (BTCT) and FG Nexus Inc. (FGNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and FGNX?
Across a 3-year window, the weekly returns of BTCT and FGNX correlate at 0.41, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.41). Stretching to 5 years gives 0.34, with an annualized covariance of 24526.6 %².
Within BTCT's tracked universe of 52 assets, FGNX comes in at #12 by 3-year correlation. The last year tells two different stories: BTCT led by 67.3 percentage points, -20.2% for BTCT against -87.5% for FGNX. Note the risk asymmetry: BTCT runs 5.4 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 FGNX: side by side
| BTCT (BTC Digital Ltd.) | FGNX (FG Nexus Inc.) | |
|---|---|---|
| 1-year return | -20.2% | -87.5% |
| 5-year return | -99.5% | -98.8% |
| Volatility (ann.) | 571.6% | 105.1% |
| Beta vs S&P 500 | -2.21 | -0.07 |
| Max drawdown (3Y) | -97.8% | -97.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | FGNX |
|---|---|---|
| 2022 | -97.6% | -24.2% |
| 2023 | +33.9% | -43.9% |
| 2024 | -0.8% | -45.5% |
| 2025 | -72.8% | -87.4% |
| 2026 | +61.5% | -42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and FGNX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTCT and FGNX?
As of 2026-08-27, the correlation of weekly returns between BTCT and FGNX is 0.41 over 3 years, 0.11 over 1 year and 0.34 over 5 years.
Is FGNX a good diversifier for BTCT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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-fgnx.json
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[](https://www.pairbook.io/pair/btct-vs-fgnx/)
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Related comparisons
Hubs: BTCT correlations · FGNX correlations
