BTCT vs MPWR: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and Monolithic Power Systems (MPWR) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and MPWR?
Over the past 3 years, BTCT and MPWR moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.28). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -7764.3 %².
By 3-year correlation, MPWR places #38 of the 52 assets tracked against BTCT. Their recent paths diverged sharply: over the last 12 months MPWR outperformed by 72.6 percentage points (-20.2% for BTCT against +52.4% for MPWR). One caveat on sizing: BTCT is 11.9 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 MPWR: side by side
| BTCT (BTC Digital Ltd.) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | -20.2% | +52.4% |
| 5-year return | -99.5% | +170.3% |
| Volatility (ann.) | 571.6% | 48.1% |
| Beta vs S&P 500 | -2.21 | 2.22 |
| Max drawdown (3Y) | -97.8% | -51.6% |
| Market cap | – | $64.4B |
| P/E (trailing) | – | 79.4 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BTCT | MPWR |
|---|---|---|
| 2022 | -97.6% | -27.8% |
| 2023 | +33.9% | +79.8% |
| 2024 | -0.8% | -5.6% |
| 2025 | -72.8% | +54.5% |
| 2026 | +61.5% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and MPWR good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTCT and MPWR?
The BTCT/MPWR correlation stands at -0.28 on a 3-year window (1 year: -0.06, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is MPWR a good diversifier for BTCT?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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-mpwr.json
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Related comparisons
Hubs: BTCT correlations · MPWR correlations
