BTCT vs ZTEK: Correlation
BTC Digital Ltd. (BTCT) and Zentek Ltd. (ZTEK) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and ZTEK?
On 3 years of weekly data the BTCT/ZTEK correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.14 versus 0.36 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 16381.7 %².
Within BTCT's tracked universe of 52 assets, ZTEK comes in at #14 by 3-year correlation. Neither side won the trailing year by much: -20.2% against -17.6%. One caveat on sizing: BTCT is 7.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZTEK: side by side
| BTCT (BTC Digital Ltd.) | ZTEK (Zentek Ltd.) | |
|---|---|---|
| 1-year return | -20.2% | -17.6% |
| 5-year return | -99.5% | -78.0% |
| Volatility (ann.) | 571.6% | 80.4% |
| Beta vs S&P 500 | -2.21 | 0.63 |
| Max drawdown (3Y) | -97.8% | -79.2% |
| 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 | ZTEK |
|---|---|---|
| 2022 | -97.6% | -60.1% |
| 2023 | +33.9% | -30.3% |
| 2024 | -0.8% | -13.0% |
| 2025 | -72.8% | -31.9% |
| 2026 | +61.5% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and ZTEK good diversifiers for each other?
Reasonably. At 0.36, BTCT and ZTEK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTCT and ZTEK?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with -0.14 over the last year and 0.33 over 5 years.
Is ZTEK a good diversifier for BTCT?
Reasonably. At 0.36, BTCT and ZTEK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-ztek.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btct-vs-ztek/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · ZTEK correlations
