BTCT vs LBTYB: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and Liberty Global Ltd. - Class B (LBTYB) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and LBTYB?
On 3 years of weekly data the BTCT/LBTYB correlation comes out at -0.35, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.09 versus -0.35 over 3 years. The 5-year figure is -0.31, and annualized covariance runs at -11517.4 %².
LBTYB is close to the least connected end of BTCT's tracked universe, ranking #49 of 52. Their recent paths diverged sharply: over the last 12 months LBTYB outperformed by 30.7 percentage points (-20.2% for BTCT against +10.5% for LBTYB). One caveat on sizing: BTCT is 9.9 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 LBTYB: side by side
| BTCT (BTC Digital Ltd.) | LBTYB (Liberty Global Ltd. - Class B) | |
|---|---|---|
| 1-year return | -20.2% | +10.5% |
| 5-year return | -99.5% | -55.0% |
| Volatility (ann.) | 571.6% | 57.5% |
| Beta vs S&P 500 | -2.21 | 0.32 |
| Max drawdown (3Y) | -97.8% | -58.2% |
| Market cap | – | $4.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | LBTYB |
|---|---|---|
| 2022 | -97.6% | -32.5% |
| 2023 | +33.9% | -6.3% |
| 2024 | -0.8% | -27.3% |
| 2025 | -72.8% | -8.7% |
| 2026 | +61.5% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and LBTYB good diversifiers for each other?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTCT and LBTYB?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with 0.09 over the last year and -0.31 over 5 years.
Is LBTYB a good diversifier for BTCT?
By historical standards, yes. A correlation of -0.35 means the two rarely move for the same reasons.
What does a correlation of -0.35 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.
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Related comparisons
Hubs: BTCT correlations · LBTYB correlations
