BTCT vs SGA: Correlation
BTC Digital Ltd. (BTCT) and Saga Communications, Inc. (SGA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and SGA?
On 3 years of weekly data the BTCT/SGA correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.23 over 3. The 5-year figure is -0.18, and annualized covariance runs at -4052.0 %².
Within BTCT's tracked universe of 52 assets, SGA comes in at #27 by 3-year correlation. Neither side won the trailing year by much: -20.2% against -23.3%. Risk is not evenly split, since BTCT carries 18.6 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 SGA: side by side
| BTCT (BTC Digital Ltd.) | SGA (Saga Communications, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | -23.3% |
| 5-year return | -99.5% | -34.9% |
| Volatility (ann.) | 571.6% | 30.7% |
| Beta vs S&P 500 | -2.21 | 0.43 |
| Max drawdown (3Y) | -97.8% | -58.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 10.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | SGA |
|---|---|---|
| 2022 | -97.6% | +16.8% |
| 2023 | +33.9% | +6.8% |
| 2024 | -0.8% | -45.9% |
| 2025 | -72.8% | +12.4% |
| 2026 | +61.5% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and SGA good diversifiers for each other?
Yes. With a correlation of -0.23, BTCT and SGA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and SGA?
As of 2026-08-27, the correlation of weekly returns between BTCT and SGA is -0.23 over 3 years, -0.14 over 1 year and -0.18 over 5 years.
Is SGA a good diversifier for BTCT?
Yes. With a correlation of -0.23, BTCT and SGA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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 · SGA correlations
