CYPH vs RDGT: Correlation
Measured on weekly returns over the past three years, Cypherpunk Technologies Inc. (CYPH) and Ridgetech, Inc. (RDGT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYPH and RDGT?
Across a 3-year window, the weekly returns of CYPH and RDGT correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 17406.0 %².
Within CYPH's tracked universe of 10 assets, RDGT comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CYPH ahead by 649.0 points (+549.5% versus -99.5%). Note the risk asymmetry: CYPH runs 2.7 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.
CYPH vs RDGT: side by side
| CYPH (Cypherpunk Technologies Inc.) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | +549.5% | -99.5% |
| 5-year return | -89.0% | -100.0% |
| Volatility (ann.) | 319.9% | 120.7% |
| Beta vs S&P 500 | 1.42 | 0.28 |
| Max drawdown (3Y) | -94.9% | -99.9% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYPH | RDGT |
|---|---|---|
| 2022 | -86.1% | -21.5% |
| 2023 | -7.9% | -93.9% |
| 2024 | -30.6% | -59.8% |
| 2025 | -59.7% | +61.0% |
| 2026 | +62.9% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYPH and RDGT good diversifiers for each other?
Reasonably. At 0.45, CYPH and RDGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CYPH and RDGT?
As of 2026-08-27, the correlation of weekly returns between CYPH and RDGT is 0.45 over 3 years, 0.52 over 1 year and 0.35 over 5 years.
Is RDGT a good diversifier for CYPH?
Reasonably. At 0.45, CYPH and RDGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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: CYPH correlations · RDGT correlations
