BTCT vs HNST: Correlation
BTC Digital Ltd. (BTCT) and The Honest Company, Inc. (HNST) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and HNST?
On 3 years of weekly data the BTCT/HNST correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.44 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 20187.7 %².
By 3-year correlation, HNST places #9 of the 52 assets tracked against BTCT. The last year tells two different stories: HNST led by 64.9 percentage points, -20.2% for BTCT against +44.7% for HNST. One caveat on sizing: BTCT is 7.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 HNST: side by side
| BTCT (BTC Digital Ltd.) | HNST (The Honest Company, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | +44.7% |
| 5-year return | -99.5% | -42.6% |
| Volatility (ann.) | 571.6% | 79.5% |
| Beta vs S&P 500 | -2.21 | 1.81 |
| Max drawdown (3Y) | -97.8% | -75.5% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | HNST |
|---|---|---|
| 2022 | -97.6% | -62.8% |
| 2023 | +33.9% | +9.6% |
| 2024 | -0.8% | +110.0% |
| 2025 | -72.8% | -62.8% |
| 2026 | +61.5% | +123.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and HNST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTCT and HNST?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.24 over the last year and 0.39 over 5 years.
Is HNST a good diversifier for BTCT?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-hnst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btct-vs-hnst/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · HNST correlations
