BTCT vs IAUX: Correlation
How closely do BTC Digital Ltd. (BTCT) and i-80 Gold Corp. (IAUX) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and IAUX?
Over the past 3 years, BTCT and IAUX moved with a correlation of -0.39, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.17) than the 3-year average (-0.39). Over 5 years the correlation is -0.34, and the annualized covariance of weekly returns is -20170.4 %².
Among the 52 assets we track against BTCT, IAUX sits near the bottom by co-movement, at rank #52. Correlation aside, the last 12 months split them widely, with IAUX ahead by 172.5 points (-20.2% versus +152.3%). Risk is not evenly split, since BTCT carries 6.3 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 IAUX: side by side
| BTCT (BTC Digital Ltd.) | IAUX (i-80 Gold Corp.) | |
|---|---|---|
| 1-year return | -20.2% | +152.3% |
| 5-year return | -99.5% | -7.4% |
| Volatility (ann.) | 571.6% | 91.2% |
| Beta vs S&P 500 | -2.21 | 1.99 |
| Max drawdown (3Y) | -97.8% | -82.6% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | IAUX |
|---|---|---|
| 2022 | -97.6% | +15.0% |
| 2023 | +33.9% | -37.6% |
| 2024 | -0.8% | -72.4% |
| 2025 | -72.8% | +201.0% |
| 2026 | +61.5% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and IAUX good diversifiers for each other?
Yes. With a correlation of -0.39, BTCT and IAUX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and IAUX?
As of 2026-08-27, the correlation of weekly returns between BTCT and IAUX is -0.39 over 3 years, 0.17 over 1 year and -0.34 over 5 years.
Is IAUX a good diversifier for BTCT?
Yes. With a correlation of -0.39, BTCT and IAUX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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.
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Related comparisons
Hubs: BTCT correlations · IAUX correlations
