BTCT vs MTD: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and Mettler Toledo (MTD) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and MTD?
Across a 3-year window, the weekly returns of BTCT and MTD correlate at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.09 over 1 year against -0.16 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -2924.1 %².
By 3-year correlation, MTD places #19 of the 52 assets tracked against BTCT. Correlation aside, the last 12 months split them widely, with MTD ahead by 29.7 points (-20.2% versus +9.5%). Risk is not evenly split, since BTCT carries 18.2 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 MTD: side by side
| BTCT (BTC Digital Ltd.) | MTD (Mettler Toledo) | |
|---|---|---|
| 1-year return | -20.2% | +9.5% |
| 5-year return | -99.5% | -11.4% |
| Volatility (ann.) | 571.6% | 31.4% |
| Beta vs S&P 500 | -2.21 | 1.00 |
| Max drawdown (3Y) | -97.8% | -36.6% |
| Market cap | – | $28.2B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BTCT | MTD |
|---|---|---|
| 2022 | -97.6% | -14.8% |
| 2023 | +33.9% | -16.1% |
| 2024 | -0.8% | +0.9% |
| 2025 | -72.8% | +13.9% |
| 2026 | +61.5% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and MTD good diversifiers for each other?
Yes. With a correlation of -0.16, BTCT and MTD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and MTD?
As of 2026-08-27, the correlation of weekly returns between BTCT and MTD is -0.16 over 3 years, -0.09 over 1 year and -0.10 over 5 years.
Is MTD a good diversifier for BTCT?
Yes. With a correlation of -0.16, BTCT and MTD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-mtd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btct-vs-mtd/)
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Related comparisons
Hubs: BTCT correlations · MTD correlations
