COIN vs TROW: Correlation
How closely do Coinbase (COIN) and T. Rowe Price (TROW) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and TROW?
On 3 years of weekly data the COIN/TROW correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.46). The 5-year figure is 0.48, and annualized covariance runs at 875.6 %².
Among the 34 assets we track against COIN, TROW ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TROW outperformed by 46.4 percentage points (-38.3% for COIN against +8.1% for TROW). On a rolling one-year basis the correlation drifted between 0.32 and 0.63, a moderate band. One caveat on sizing: COIN is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TROW: side by side
| COIN (Coinbase) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | -38.3% | +8.1% |
| 5-year return | -27.4% | -37.0% |
| Volatility (ann.) | 80.0% | 23.5% |
| Beta vs S&P 500 | 2.66 | 1.10 |
| Max drawdown (3Y) | -66.4% | -34.0% |
| Market cap | $50.3B | $24.0B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 4.57% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | COIN | TROW |
|---|---|---|
| 2022 | -86.0% | -42.2% |
| 2023 | +391.4% | +3.4% |
| 2024 | +42.8% | +9.7% |
| 2025 | -8.9% | -4.7% |
| 2026 | -15.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and TROW good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COIN and TROW?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.30 over the last year and 0.48 over 5 years.
Is TROW a good diversifier for COIN?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coin-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coin-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COIN correlations · TROW correlations
