COIN vs SEB: Correlation
Measured on weekly returns over the past three years, Coinbase (COIN) and Seaboard Corporation (SEB) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and SEB?
Over the past 3 years, COIN and SEB moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.17). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -453.2 %².
Within COIN's tracked universe of 34 assets, SEB comes in at #28 by 3-year correlation. The last year tells two different stories: SEB led by 43.1 percentage points, -38.3% for COIN against +4.8% for SEB. 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.
COIN vs SEB: side by side
| COIN (Coinbase) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | -38.3% | +4.8% |
| 5-year return | -27.4% | -4.5% |
| Volatility (ann.) | 80.0% | 32.8% |
| Beta vs S&P 500 | 2.66 | -0.07 |
| Max drawdown (3Y) | -66.4% | -37.7% |
| Market cap | $50.3B | $3.8B |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COIN | SEB |
|---|---|---|
| 2022 | -86.0% | -3.8% |
| 2023 | +391.4% | -5.2% |
| 2024 | +42.8% | -31.7% |
| 2025 | -8.9% | +83.5% |
| 2026 | -15.7% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and SEB good diversifiers for each other?
Yes. With a correlation of -0.17, COIN and SEB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COIN and SEB?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.46 over the last year and -0.02 over 5 years.
Is SEB a good diversifier for COIN?
Yes. With a correlation of -0.17, COIN and SEB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/coin-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coin-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COIN correlations · SEB correlations
