BVC vs JCSE: Correlation
BitVentures Limited (BVC) and JE Cleantech Holdings Limited (JCSE) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and JCSE?
Across a 3-year window, the weekly returns of BVC and JCSE correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.48). Stretching to 5 years gives 0.37, with an annualized covariance of 28145.0 %².
By 3-year correlation, JCSE places #4 of the 19 assets tracked against BVC. The last year tells two different stories: BVC led by 1716.1 percentage points, +1822.0% for BVC against +105.9% for JCSE. Risk is not evenly split, since BVC carries 3.9 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 JCSE: side by side
| BVC (BitVentures Limited) | JCSE (JE Cleantech Holdings Limited) | |
|---|---|---|
| 1-year return | +1822.0% | +105.9% |
| 5-year return | +74.6% | -96.2% |
| Volatility (ann.) | 476.9% | 123.3% |
| Beta vs S&P 500 | 1.30 | 0.09 |
| Max drawdown (3Y) | -97.2% | -64.2% |
| Market cap | $2.1B | – |
| P/E (trailing) | 8.3 | 3.1 |
| Dividend yield | 0.00% | 36.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVC | JCSE |
|---|---|---|
| 2022 | +1.2% | – |
| 2023 | -67.4% | -66.0% |
| 2024 | -33.5% | +92.4% |
| 2025 | -7.3% | -23.1% |
| 2026 | +1002.6% | +94.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and JCSE good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BVC and JCSE?
As of 2026-08-27, the correlation of weekly returns between BVC and JCSE is 0.48 over 3 years, 0.76 over 1 year and 0.37 over 5 years.
Is JCSE a good diversifier for BVC?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/bvc-vs-jcse.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bvc-vs-jcse/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BVC correlations · JCSE correlations
