BTCT vs JRVR: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and James River Group Holdings, Inc. (JRVR) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and JRVR?
Over the past 3 years, BTCT and JRVR moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.32). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -9375.1 %².
By 3-year correlation, JRVR places #45 of the 52 assets tracked against BTCT. Over the last 12 months BTCT came out ahead by 6.2 percentage points (-20.2% against -26.4%). Risk is not evenly split, since BTCT carries 11.1 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 JRVR: side by side
| BTCT (BTC Digital Ltd.) | JRVR (James River Group Holdings, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | -26.4% |
| 5-year return | -99.5% | -88.2% |
| Volatility (ann.) | 571.6% | 51.3% |
| Beta vs S&P 500 | -2.21 | 0.55 |
| Max drawdown (3Y) | -97.8% | -77.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 9.4 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | JRVR |
|---|---|---|
| 2022 | -97.6% | -26.8% |
| 2023 | +33.9% | -55.2% |
| 2024 | -0.8% | -46.2% |
| 2025 | -72.8% | +31.6% |
| 2026 | +61.5% | -35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and JRVR good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTCT and JRVR?
As of 2026-08-27, the correlation of weekly returns between BTCT and JRVR is -0.32 over 3 years, -0.09 over 1 year and -0.27 over 5 years.
Is JRVR a good diversifier for BTCT?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-jrvr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btct-vs-jrvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · JRVR correlations
