BX vs COIN: Correlation
Blackstone Inc. (BX) and Coinbase (COIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and COIN?
Over the past 3 years, BX and COIN moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1209.4 %².
Among the 35 assets we track against BX, COIN ranks #24 by 3-year correlation. The last year tells two different stories: BX led by 25.4 percentage points, -12.9% for BX against -38.3% for COIN. The rolling one-year correlation stayed in a tight band between 0.33 and 0.58 over the past three years, which points to a structural rather than episodic relationship. Note the risk asymmetry: COIN runs 2.4 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.
BX vs COIN: side by side
| BX (Blackstone Inc.) | COIN (Coinbase) | |
|---|---|---|
| 1-year return | -12.9% | -38.3% |
| 5-year return | +37.5% | -27.4% |
| Volatility (ann.) | 34.0% | 80.0% |
| Beta vs S&P 500 | 1.36 | 2.66 |
| Max drawdown (3Y) | -46.5% | -66.4% |
| Market cap | $171.7B | $50.3B |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BX | COIN |
|---|---|---|
| 2022 | -40.0% | -86.0% |
| 2023 | +82.7% | +391.4% |
| 2024 | +35.1% | +42.8% |
| 2025 | -7.8% | -8.9% |
| 2026 | -3.9% | -15.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and COIN good diversifiers for each other?
Reasonably. At 0.44, BX and COIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BX and COIN?
The BX/COIN correlation stands at 0.44 on a 3-year window (1 year: 0.41, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is COIN a good diversifier for BX?
Reasonably. At 0.44, BX and COIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/bx-vs-coin.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bx-vs-coin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BX correlations · COIN correlations
