BVC vs MRNO: Correlation
BitVentures Limited (BVC) and Murano Global Investments PLC (MRNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and MRNO?
On 3 years of weekly data the BVC/MRNO correlation comes out at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.45). The 5-year figure is 0.45, and annualized covariance runs at 36529.7 %².
By 3-year correlation, MRNO places #5 of the 19 assets tracked against BVC. The last year tells two different stories: BVC led by 1918.4 percentage points, +1822.0% for BVC against -96.4% for MRNO. Note the risk asymmetry: BVC runs 2.8 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 MRNO: side by side
| BVC (BitVentures Limited) | MRNO (Murano Global Investments PLC) | |
|---|---|---|
| 1-year return | +1822.0% | -96.4% |
| 5-year return | +74.6% | -97.9% |
| Volatility (ann.) | 476.9% | 170.9% |
| Beta vs S&P 500 | 1.30 | 1.65 |
| Max drawdown (3Y) | -97.2% | -99.1% |
| Market cap | $2.1B | – |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVC | MRNO |
|---|---|---|
| 2022 | +1.2% | – |
| 2023 | -67.4% | +9.0% |
| 2024 | -33.5% | -8.4% |
| 2025 | -7.3% | -94.4% |
| 2026 | +1002.6% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and MRNO good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BVC and MRNO?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.61 over the last year and 0.45 over 5 years.
Is MRNO a good diversifier for BVC?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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-mrno.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bvc-vs-mrno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BVC correlations · MRNO correlations
