BTX vs LUNR: Correlation
How closely do BlackRock Technology and Private Equity Term Trust (BTX) and Intuitive Machines, Inc. (LUNR) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTX and LUNR?
On 3 years of weekly data the BTX/LUNR correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 1193.4 %².
Among the 20 assets we track against BTX, LUNR ranks #15 by 3-year correlation. The last year tells two different stories: LUNR led by 40.5 percentage points, +39.5% for BTX against +80.0% for LUNR. Risk is not evenly split, since LUNR carries 4.5 times the volatility of the other side.
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.
BTX vs LUNR: side by side
| BTX (BlackRock Technology and Private Equity Term Trust) | LUNR (Intuitive Machines, Inc.) | |
|---|---|---|
| 1-year return | +39.5% | +80.0% |
| 5-year return | -21.7% | +67.7% |
| Volatility (ann.) | 24.4% | 109.4% |
| Beta vs S&P 500 | 1.23 | 3.31 |
| Max drawdown (3Y) | -31.7% | -75.1% |
| Market cap | $1.1B | $2.6B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTX | LUNR |
|---|---|---|
| 2022 | -47.8% | +3.7% |
| 2023 | +19.3% | -74.4% |
| 2024 | +13.4% | +610.8% |
| 2025 | +0.9% | -10.6% |
| 2026 | +45.3% | -0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTX and LUNR good diversifiers for each other?
Reasonably. At 0.45, BTX and LUNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTX and LUNR?
As of 2026-08-27, the correlation of weekly returns between BTX and LUNR is 0.45 over 3 years, 0.45 over 1 year and 0.16 over 5 years.
Is LUNR a good diversifier for BTX?
Reasonably. At 0.45, BTX and LUNR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/btx-vs-lunr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/btx-vs-lunr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTX correlations · LUNR correlations
