BVC vs LVS: Correlation
Measured on weekly returns over the past three years, BitVentures Limited (BVC) and Las Vegas Sands (LVS) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and LVS?
Across a 3-year window, the weekly returns of BVC and LVS correlate at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.16 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -2604.3 %².
Within BVC's tracked universe of 19 assets, LVS comes in at #13 by 3-year correlation. The last year tells two different stories: BVC led by 1842.3 percentage points, +1822.0% for BVC against -20.3% for LVS. Risk is not evenly split, since BVC carries 13.7 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 LVS: side by side
| BVC (BitVentures Limited) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | +1822.0% | -20.3% |
| 5-year return | +74.6% | +8.5% |
| Volatility (ann.) | 476.9% | 34.8% |
| Beta vs S&P 500 | 1.30 | 0.75 |
| Max drawdown (3Y) | -97.2% | -44.0% |
| Market cap | $2.1B | $28.7B |
| P/E (trailing) | 8.3 | 17.1 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BVC | LVS |
|---|---|---|
| 2022 | +1.2% | +27.7% |
| 2023 | -67.4% | +3.1% |
| 2024 | -33.5% | +6.2% |
| 2025 | -7.3% | +29.5% |
| 2026 | +1002.6% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and LVS good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BVC and LVS?
The BVC/LVS correlation stands at -0.16 on a 3-year window (1 year: -0.26, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is LVS a good diversifier for BVC?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bvc-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BVC correlations · LVS correlations
