BTCT vs GD: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and General Dynamics (GD) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and GD?
On 3 years of weekly data the BTCT/GD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.17). The 5-year figure is -0.12, and annualized covariance runs at -2097.7 %².
Among the 52 assets we track against BTCT, GD ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GD ahead by 39.0 points (-20.2% versus +18.8%). Risk is not evenly split, since BTCT carries 27.1 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.
BTCT vs GD: side by side
| BTCT (BTC Digital Ltd.) | GD (General Dynamics) | |
|---|---|---|
| 1-year return | -20.2% | +18.8% |
| 5-year return | -99.5% | +111.9% |
| Volatility (ann.) | 571.6% | 21.1% |
| Beta vs S&P 500 | -2.21 | 0.52 |
| Max drawdown (3Y) | -97.8% | -22.5% |
| Market cap | – | $102.8B |
| P/E (trailing) | – | 23.3 |
| Dividend yield | 0.00% | 1.62% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BTCT | GD |
|---|---|---|
| 2022 | -97.6% | +21.7% |
| 2023 | +33.9% | +7.1% |
| 2024 | -0.8% | +3.5% |
| 2025 | -72.8% | +30.4% |
| 2026 | +61.5% | +14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and GD good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTCT and GD?
The BTCT/GD correlation stands at -0.17 on a 3-year window (1 year: -0.03, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is GD a good diversifier for BTCT?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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: BTCT correlations · GD correlations
