BTCT vs PLAG: Correlation
How closely do BTC Digital Ltd. (BTCT) and Planet Green Holdings Corp. (PLAG) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and PLAG?
On 3 years of weekly data the BTCT/PLAG correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.53). The 5-year figure is 0.50, and annualized covariance runs at 48921.0 %².
By 3-year correlation, PLAG places #7 of the 52 assets tracked against BTCT. Correlation aside, the last 12 months split them widely, with BTCT ahead by 38.9 points (-20.2% versus -59.1%). Note the risk asymmetry: BTCT runs 3.6 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 PLAG: side by side
| BTCT (BTC Digital Ltd.) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | -20.2% | -59.1% |
| 5-year return | -99.5% | -94.2% |
| Volatility (ann.) | 571.6% | 160.4% |
| Beta vs S&P 500 | -2.21 | -0.67 |
| Max drawdown (3Y) | -97.8% | -93.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | PLAG |
|---|---|---|
| 2022 | -97.6% | -39.2% |
| 2023 | +33.9% | -21.0% |
| 2024 | -0.8% | -46.9% |
| 2025 | -72.8% | -15.8% |
| 2026 | +61.5% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and PLAG good diversifiers for each other?
Only partially. A correlation of 0.53 means BTCT and PLAG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BTCT and PLAG?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with -0.11 over the last year and 0.50 over 5 years.
Is PLAG a good diversifier for BTCT?
Only partially. A correlation of 0.53 means BTCT and PLAG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btct-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTCT correlations · PLAG correlations
