BVC vs CSIQ: Correlation
Measured on weekly returns over the past three years, BitVentures Limited (BVC) and Canadian Solar Inc. (CSIQ) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and CSIQ?
Across a 3-year window, the weekly returns of BVC and CSIQ correlate at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.32 lands near the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -9471.4 %².
Among the 19 assets we track against BVC, CSIQ sits near the bottom by co-movement, at rank #17. Correlation aside, the last 12 months split them widely, with BVC ahead by 1786.8 points (+1822.0% versus +35.2%). Risk is not evenly split, since BVC carries 6.0 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.
BVC vs CSIQ: side by side
| BVC (BitVentures Limited) | CSIQ (Canadian Solar Inc.) | |
|---|---|---|
| 1-year return | +1822.0% | +35.2% |
| 5-year return | +74.6% | -62.6% |
| Volatility (ann.) | 476.9% | 79.8% |
| Beta vs S&P 500 | 1.30 | 1.82 |
| Max drawdown (3Y) | -97.2% | -76.1% |
| Market cap | $2.1B | $0.9B |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVC | CSIQ |
|---|---|---|
| 2022 | +1.2% | -1.2% |
| 2023 | -67.4% | -15.1% |
| 2024 | -33.5% | -57.6% |
| 2025 | -7.3% | +113.8% |
| 2026 | +1002.6% | -41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and CSIQ good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BVC and CSIQ?
As of 2026-08-27, the correlation of weekly returns between BVC and CSIQ is -0.25 over 3 years, -0.32 over 1 year and -0.21 over 5 years.
Is CSIQ a good diversifier for BVC?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/bvc-vs-csiq.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bvc-vs-csiq/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BVC correlations · CSIQ correlations
