BVC vs SDEV: Correlation
How closely do BitVentures Limited (BVC) and Stablecoin Development Corporation (SDEV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and SDEV?
On 3 years of weekly data the BVC/SDEV correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.49). The 5-year figure is 0.47, and annualized covariance runs at 51738.9 %².
SDEV is one of the assets that tracks BVC most closely: it ranks #3 out of the 19 assets we track against BVC. Correlation aside, the last 12 months split them widely, with BVC ahead by 1902.9 points (+1822.0% versus -80.9%). Note the risk asymmetry: BVC runs 2.1 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 SDEV: side by side
| BVC (BitVentures Limited) | SDEV (Stablecoin Development Corporation) | |
|---|---|---|
| 1-year return | +1822.0% | -80.9% |
| 5-year return | +74.6% | -100.0% |
| Volatility (ann.) | 476.9% | 222.1% |
| Beta vs S&P 500 | 1.30 | 1.75 |
| Max drawdown (3Y) | -97.2% | -99.0% |
| 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 | SDEV |
|---|---|---|
| 2022 | +1.2% | -85.3% |
| 2023 | -67.4% | -89.7% |
| 2024 | -33.5% | -91.4% |
| 2025 | -7.3% | +1322.1% |
| 2026 | +1002.6% | -96.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and SDEV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BVC and SDEV?
As of 2026-08-27, the correlation of weekly returns between BVC and SDEV is 0.49 over 3 years, 0.60 over 1 year and 0.47 over 5 years.
Is SDEV a good diversifier for BVC?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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 · SDEV correlations
