BTCT vs LDOS: Correlation
BTC Digital Ltd. (BTCT) and Leidos (LDOS) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and LDOS?
On 3 years of weekly data the BTCT/LDOS correlation comes out at -0.31, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.31). The 5-year figure is -0.24, and annualized covariance runs at -5625.0 %².
Among the 52 assets we track against BTCT, LDOS ranks #42 by 3-year correlation. Twelve-month performance is nearly a tie, at -20.2% for BTCT and -22.9% for LDOS. Note the risk asymmetry: BTCT runs 18.2 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 LDOS: side by side
| BTCT (BTC Digital Ltd.) | LDOS (Leidos) | |
|---|---|---|
| 1-year return | -20.2% | -22.9% |
| 5-year return | -99.5% | +52.1% |
| Volatility (ann.) | 571.6% | 31.4% |
| Beta vs S&P 500 | -2.21 | 0.87 |
| Max drawdown (3Y) | -97.8% | -49.5% |
| Market cap | – | $17.6B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BTCT | LDOS |
|---|---|---|
| 2022 | -97.6% | +20.0% |
| 2023 | +33.9% | +4.5% |
| 2024 | -0.8% | +34.5% |
| 2025 | -72.8% | +26.5% |
| 2026 | +61.5% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and LDOS good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTCT and LDOS?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.03 over the last year and -0.24 over 5 years.
Is LDOS a good diversifier for BTCT?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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-ldos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btct-vs-ldos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · LDOS correlations
