BVC vs ERAS: Correlation
Measured on weekly returns over the past three years, BitVentures Limited (BVC) and Erasca, Inc. (ERAS) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and ERAS?
Over the past 3 years, BVC and ERAS moved with a correlation of 0.42, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.42 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 19649.0 %².
Among the 19 assets we track against BVC, ERAS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BVC outperformed by 688.5 percentage points (+1822.0% for BVC against +1133.5% for ERAS). Note the risk asymmetry: BVC runs 4.8 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.
BVC vs ERAS: side by side
| BVC (BitVentures Limited) | ERAS (Erasca, Inc.) | |
|---|---|---|
| 1-year return | +1822.0% | +1133.5% |
| 5-year return | +74.6% | -17.1% |
| Volatility (ann.) | 476.9% | 99.2% |
| Beta vs S&P 500 | 1.30 | 1.88 |
| Max drawdown (3Y) | -97.2% | -67.7% |
| Market cap | $2.1B | $6.8B |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVC | ERAS |
|---|---|---|
| 2022 | +1.2% | -72.3% |
| 2023 | -67.4% | -50.6% |
| 2024 | -33.5% | +17.8% |
| 2025 | -7.3% | +48.2% |
| 2026 | +1002.6% | +423.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and ERAS good diversifiers for each other?
Reasonably. At 0.42, BVC and ERAS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BVC and ERAS?
As of 2026-08-27, the correlation of weekly returns between BVC and ERAS is 0.42 over 3 years, 0.62 over 1 year and 0.37 over 5 years.
Is ERAS a good diversifier for BVC?
Reasonably. At 0.42, BVC and ERAS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: BVC correlations · ERAS correlations
