BTCT vs VHI: Correlation
BTC Digital Ltd. (BTCT) and Valhi, Inc. (VHI) show a negative relationship: their 3-year correlation of weekly returns is -0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and VHI?
Across a 3-year window, the weekly returns of BTCT and VHI correlate at -0.34, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.09) runs above the 3-year figure (-0.34). Stretching to 5 years gives -0.27, with an annualized covariance of -11703.3 %².
VHI is close to the least connected end of BTCT's tracked universe, ranking #48 of 52. The last year tells two different stories: VHI led by 27.3 percentage points, -20.2% for BTCT against +7.1% for VHI. Note the risk asymmetry: BTCT runs 9.6 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 VHI: side by side
| BTCT (BTC Digital Ltd.) | VHI (Valhi, Inc.) | |
|---|---|---|
| 1-year return | -20.2% | +7.1% |
| 5-year return | -99.5% | -14.8% |
| Volatility (ann.) | 571.6% | 59.4% |
| Beta vs S&P 500 | -2.21 | 1.08 |
| Max drawdown (3Y) | -97.8% | -71.3% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTCT | VHI |
|---|---|---|
| 2022 | -97.6% | -22.7% |
| 2023 | +33.9% | -29.4% |
| 2024 | -0.8% | +56.5% |
| 2025 | -72.8% | -47.4% |
| 2026 | +61.5% | +49.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and VHI good diversifiers for each other?
Yes. With a correlation of -0.34, BTCT and VHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTCT and VHI?
As of 2026-08-27, the correlation of weekly returns between BTCT and VHI is -0.34 over 3 years, 0.09 over 1 year and -0.27 over 5 years.
Is VHI a good diversifier for BTCT?
Yes. With a correlation of -0.34, BTCT and VHI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.34 mean?
On the −1 to +1 scale, -0.34 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.
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Related comparisons
Hubs: BTCT correlations · VHI correlations
