BTCT vs TISI: Correlation
Measured on weekly returns over the past three years, BTC Digital Ltd. (BTCT) and Team, Inc. (TISI) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and TISI?
Across a 3-year window, the weekly returns of BTCT and TISI correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.31 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -12427.8 %².
Among the 52 assets we track against BTCT, TISI ranks #44 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TISI ahead by 43.2 points (-20.2% versus +23.0%). Note the risk asymmetry: BTCT runs 8.1 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 TISI: side by side
| BTCT (BTC Digital Ltd.) | TISI (Team, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | +23.0% |
| 5-year return | -99.5% | -43.8% |
| Volatility (ann.) | 571.6% | 70.2% |
| Beta vs S&P 500 | -2.21 | 0.22 |
| Max drawdown (3Y) | -97.8% | -50.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | TISI |
|---|---|---|
| 2022 | -97.6% | -51.8% |
| 2023 | +33.9% | +25.7% |
| 2024 | -0.8% | +92.1% |
| 2025 | -72.8% | +11.4% |
| 2026 | +61.5% | +69.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and TISI good diversifiers for each other?
Yes. With a correlation of -0.31, BTCT and TISI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and TISI?
The BTCT/TISI correlation stands at -0.31 on a 3-year window (1 year: 0.03, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is TISI a good diversifier for BTCT?
Yes. With a correlation of -0.31, BTCT and TISI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-tisi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btct-vs-tisi/)
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Related comparisons
Hubs: BTCT correlations · TISI correlations
