BTOG vs INKT: Correlation
Bit Origin Limited - Class A (BTOG) and MiNK Therapeutics, Inc. (INKT) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTOG and INKT?
Across a 3-year window, the weekly returns of BTOG and INKT correlate at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.37 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 39844.5 %².
Within BTOG's tracked universe of 12 assets, INKT comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INKT ahead by 70.3 points (-97.2% versus -26.9%). Note the risk asymmetry: INKT runs 2.0 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.
BTOG vs INKT: side by side
| BTOG (Bit Origin Limited - Class A) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -97.2% | -26.9% |
| 5-year return | -100.0% | -90.3% |
| Volatility (ann.) | 229.6% | 464.2% |
| Beta vs S&P 500 | 1.61 | 0.50 |
| Max drawdown (3Y) | -99.9% | -86.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTOG | INKT |
|---|---|---|
| 2022 | -87.2% | -41.5% |
| 2023 | -21.4% | -59.0% |
| 2024 | -76.4% | -34.9% |
| 2025 | -82.4% | +60.0% |
| 2026 | -93.1% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTOG and INKT good diversifiers for each other?
Reasonably. At 0.37, BTOG and INKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTOG and INKT?
The BTOG/INKT correlation stands at 0.37 on a 3-year window (1 year: 0.26, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is INKT a good diversifier for BTOG?
Reasonably. At 0.37, BTOG and INKT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btog-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btog-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTOG correlations · INKT correlations
