BTCT vs KBR: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and KBR, Inc. (KBR) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and KBR?
Across a 3-year window, the weekly returns of BTCT and KBR correlate at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.31). Stretching to 5 years gives -0.23, with an annualized covariance of -5274.4 %².
Within BTCT's tracked universe of 52 assets, KBR comes in at #41 by 3-year correlation. Neither side won the trailing year by much: -20.2% against -24.8%. Note the risk asymmetry: BTCT runs 19.1 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 KBR: side by side
| BTCT (BTC Digital Ltd.) | KBR (KBR, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | -24.8% |
| 5-year return | -99.5% | +4.0% |
| Volatility (ann.) | 571.6% | 29.9% |
| Beta vs S&P 500 | -2.21 | 0.62 |
| Max drawdown (3Y) | -97.8% | -57.4% |
| Market cap | – | $4.8B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | KBR |
|---|---|---|
| 2022 | -97.6% | +11.9% |
| 2023 | +33.9% | +5.9% |
| 2024 | -0.8% | +5.6% |
| 2025 | -72.8% | -29.7% |
| 2026 | +61.5% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and KBR good diversifiers for each other?
Yes. With a correlation of -0.31, BTCT and KBR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and KBR?
As of 2026-08-27, the correlation of weekly returns between BTCT and KBR is -0.31 over 3 years, 0.07 over 1 year and -0.23 over 5 years.
Is KBR a good diversifier for BTCT?
Yes. With a correlation of -0.31, BTCT and KBR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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-kbr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btct-vs-kbr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · KBR correlations
