BTOG vs PROK: Correlation
How closely do Bit Origin Limited - Class A (BTOG) and ProKidney Corp. - Class A (PROK) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTOG and PROK?
Across a 3-year window, the weekly returns of BTOG and PROK correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.38 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 31982.5 %².
Within BTOG's tracked universe of 12 assets, PROK comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PROK outperformed by 70.3 percentage points (-97.2% for BTOG against -26.9% for PROK). One caveat on sizing: PROK is 1.6 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.
BTOG vs PROK: side by side
| BTOG (Bit Origin Limited - Class A) | PROK (ProKidney Corp. - Class A) | |
|---|---|---|
| 1-year return | -97.2% | -26.9% |
| 5-year return | -100.0% | -81.3% |
| Volatility (ann.) | 229.6% | 368.1% |
| Beta vs S&P 500 | 1.61 | 2.21 |
| Max drawdown (3Y) | -99.9% | -94.3% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTOG | PROK |
|---|---|---|
| 2022 | -87.2% | -30.7% |
| 2023 | -21.4% | -74.1% |
| 2024 | -76.4% | -5.1% |
| 2025 | -82.4% | +32.5% |
| 2026 | -93.1% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTOG and PROK good diversifiers for each other?
Reasonably. At 0.38, BTOG and PROK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTOG and PROK?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.22 over the last year and 0.35 over 5 years.
Is PROK a good diversifier for BTOG?
Reasonably. At 0.38, BTOG and PROK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/btog-vs-prok.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btog-vs-prok/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTOG correlations · PROK correlations
